Kingston Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Kingston are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Kingston Mortgage Calculator Examples

This 1315 Square Ft, Mcfarland Build With A Customized Layout Surely Will Not Disappoint. Outfitted With Vaulted Ceilings, Central-Vac, Customized Kitchen And Natural Gas Fire-Place. Centrally Located With A Skyline View Of The City. Featuring 3 Baths And 4 Bedrooms. Main Floor Features, Hardwood Flooring In Dining, Living And Hall-Way. Porcelain Tile In The Main Foyer, Hall And Kitchen. Main Floor Laundry, Large Finished Basement With A Walkout (X2) To The Exceptional Backyard. Are You Looking For Your Oasis, This Backyard Features A Private Fully Fenced Yard With A 3 Level Deck, With Retractable Awnings. A 10X12 Gazebo Which Covers A 5 Person Beachcomber Hot Tub. An Attached 1.5 Car Garage That Is Fully Insulated, With A Mezzanine Located Around All 4 Sides For Extra Storage. This Property Is Fully Out-Fitted To The Highest Construction Standards. (Id:23934)
CALL1.877.896.6727
Property Price
$497,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,850
Mortgage Insurance ($)
$18,886
Mortgage Required ($)
$491,036
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,415
Mortgage Insurance PST
$1,511
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,276
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,276
Monthly Payment
$1,929
Cozy...And Not Cozy In A Small House Sort Of Way! Walking Into This Home You Feel The Warmth From The Gorgeous Wood Burning Fireplace, The Nicely Renovated Great Room With Wood Beams, Beautiful Flooring, Sliding Doors, And Tons Of Light. Heading Up To The Kitchen And Living Room You Can Easily See The Love And Care That Has Been Put Into Making This Home Perfect For A Growing Family: Large Eat In Kitchen, Dining / Living Area, Three Nice Sized Bedrooms Including Master Bedroom With Ensuite And Walk Out To Large Deck And Fully Fenced Yard. If That Wasn't Enough, The Basement Has So Many Possibilities. Did You Need A Place For The In-Laws? This Home Is Mostly Set Up Already With A Kitchenette, Living Area, Bathroom, Bedroom And A Separate Entrance. I Could Go On And On About This Home But I Am Running Out Of Space.....Don't Miss Out! (Id:23934)
CALL1.877.896.6727
Property Price
$499,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,950
Mortgage Insurance ($)
$18,962
Mortgage Required ($)
$493,012
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,455
Mortgage Insurance PST
$1,517
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,422
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,422
Monthly Payment
$1,936
This Quality Built Sunnyside Model By Caraco In Woodhaven, Offers 1640 Square.Ft 3 Bedrooms And 2.5 Baths. 9 Ft Ceilings To Main Floor With Laminate Flooring In Main Floor Living Areas. Upgraded Kitchen, Extended Uppers, Large Center Island With Extended Breakfast Bar, Stainless Appliances (Included In) And Walk-In Pantry. Large Living Area Overlooking The 2 Panel Patio Door Overlooking The Rear Yard. Main Floor Laundry Room With Washer And Dryer Included In. 3 Bedrooms Up Including Spacious Master With Walk-In Closet And 4-Piece Ensuite. Basement With Rough-In Bath. Ideally Located In Popular Woodhaven With Easy Access To All West End Amenities. Perfect Investment Property Or First Time Buyer's Dream. (Id:23934)
CALL1.877.896.6727
Property Price
$409,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$20,495
Mortgage Insurance ($)
$15,576
Mortgage Required ($)
$404,981
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,673
Mortgage Insurance PST
$1,246
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,914
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,914
Monthly Payment
$1,591
Come In And Take A Virtual Tour To See What This Lovely Townhouse Has To Offer. Centrally Located In Calvin Park, This Home Provides Convenient Access To Downtown, Library, Schools, Ymca, Kingston Centre, And Many Other Nearby Amenities. Not So Long Ago, The Home's Traditional Main Floor Layout Underwent An Impressive Transformation Into A Bright And Spacious Open Concept Floor Plan. The Updated Kitchen Features Stainless Steel Appliances, Elegant Custom Cabinetry, Island With In-Floor Radiant Heat Underfoot, And A Built-In Behind-The-Panel Miele Dishwasher. The Kitchen Space Seamlessly Transitions Into The Warm And Welcoming Living And Dining Areas Where You'll Enjoy Plenty Of Natural Light Along With The Warmth Of The Gas Fireplace. The Expanded Rear Patio Can Be Easily Accessed Through The Sliding Patio Doors Off The Dining Room. There's Also Interior Access To Your Vehicle Or Storage In The Single-Car Garage. Heading Up The Natural Hardwood Stairs To The 2Nd Level, You'll Find What Was Once A Standard 3-Bedroom Layout, Has Been Converted To A 2-Bedroom Plan With A Sprawling Master Bedroom. The Ample And Airy Master Creates A Space That Translates Into A Feeling Of Tranquility And Relaxation, Providing The Ideal Place Of Rest. There's Also Plenty Of Space To Store Belongings In The Large Storage Cabinets And Closet. The 2Nd Bedroom Could Be Used For Children, Guests, Or As A Studio / Office Space. The 4-Piece Bathroom Has Also Been Updated With An Acrylic Shower / Tub Surround And Vanity That Is In Keeping With The Home's Elegant Stylings. If You're Looking For A More Carefree Lifestyle, You'll Be Pleased To Know Your Condo Fee Covers Snow Removal, Yard Maintenance, Exterior Maintenance, And Water / Sewer Costs. Book Your Viewing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$299,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,995
Mortgage Insurance ($)
$11,396
Mortgage Required ($)
$296,301
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,974
Mortgage Insurance PST
$912
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,380
First Time Home Buyer
Land Transfer Tax Credit
-$2,974
Cash Needed
$17,407
Monthly Payment
$1,164
Located On A Quiet East Side Crescent This Elevated Bungalow Offers A Lot Of Living In A Modest Sized Home. There Are 2 Bedrooms And 2 Full Bathrooms On The Main Level With 1 Or 2 Bed More Bedrooms And Another Full Bathroom On The Lower Level. The Lower Level Also Offers A Semi Walk Out, Which Makes It A Suitable For A In Law Or Secondary Suite. Extras Include In Floor Radiant Heating And A Separate Dining Room To Mention Just A Couple. In Very Good Condition And Ready For A Closing In Late January. Hurry Sure To Sell Quickly In Today's Hot Market. (Id:23934)
CALL1.877.896.6727
Property Price
$450,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,500
Mortgage Insurance ($)
$17,100
Mortgage Required ($)
$444,600
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$5,475
Mortgage Insurance PST
$1,368
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,843
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,843
Monthly Payment
$1,746

Mortgages In Kingston

A smorgasbord-chic city that holds some of Canada's most in-depth history can be found within Kingston! This city began in the 1600s and has not stopped growing, but have you ever wondered why? It may have something to do with its fantastic location that touches the St. Lawrence River & Cataraqui River, its beautiful Lake Ontario waterfront, or that it is not too far from the city of Toronto! This city is rich in diversity with its real estate properties that range from large, stately mansions all the way down to small, single family homes (tapping any size budget!). These days, many home buyers automatically think 'mortgage' when searching for a new home, but how much do you really know about a mortgage? A good way to see how much a mortgage loan and an interest rate will cost you each month (and how long you decide to take the loan out for) is to use a Kingston mortgage calculator. Simple to use and free to use repeatedly, a mortgage calculator can work up the monthly monetary result for you so that you have a good idea of affordability. Many of the homes in this city have acreage with the house, so you should know about the intricate details like property tax.
After using a mortgage calculator, you will want to have a sound knowledge about the range of mortgage types available for your Kingston home. You may have terms like adjustable rate mortgage, fixed rate mortgage and variable rate mortgage, but do you know the difference between them? Do you know that you can combine a fixed & variable rate mortgage (basically splitting your mortgage into two parts)? Are you confident that you can meet or even exceed the criteria that lenders impose on borrowers? There is quite a long list of information that you should investigate or look to a mortgage broker to walk you through the whole process of a mortgage loan, purchasing a home, and the closing expenses. You will have other expenses that will get worked 'into the deal' like a real estate agent, a lawyer, and moving expenses. Having a down payment ready will open up your mortgage loan options, like being offered a conventional mortgage and it will have another desirable effect... you pose less risk to the lender with a down payment available. Lenders want to see that outside of the mortgage loan, you have enough cash stashed away to cover everything else, including a potential home inspection or appraisal on the home.