Kitchener Mortgage Calculator

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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
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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 Kitchener 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

Kitchener Mortgage Examples

*Open House This Sunday, Dec 8Th, 2-4 Pm* Aaaa+ Located In Desirable Huron Park, Is This Multi-6 Level Freehold Townhouse (Model Is The Poppy) With Garage And No Front Or Rear Neighbors. Approx $30,000 Spent In The Past Year...New Hardwood In Livrm, Stairs And Bedrooms; New $5000 Stone Walkway; New Stainless Steel Appliances Including A New Hood Fan & Microwave; New Washer & Dryer; New Window Coverings; New Garage Door Opener; Professionally Painted; Backing Onto Green Space And Fronting Onto School! 3 Bedrm, 4Pc, 2Pc And 3Pc Rough-In Baths This Town Home Is Perfect For First Time Home Buyers, Investors And Families. Featuring A Large Master Bedroom On The Top Level With The Other 2 Bedrms One Level Down For Privacy From The Kids, Large Bright Living Room, Spacious Eat-In Kitchen With Island And Walkout To A Beautiful New 19 X 11 Ft Deck With Gazebo And Storage Space Underneath Plus A Finished Recreation Room With The Rough-In For A Third Bathroom And Extra Storage Room. Easy Access To 401, Close To All Amenities And Steps From Schools, Parks, And Green Space This Townhouse Won't Last Long! Call For A Private Viewing If You Cant Make The Open House! (Id:23934)
CALL1.877.896.6727
Property Price
$500,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$25,000
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,475
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,495
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,495
Monthly Payment
$2,210
Welcome Home To Unit 11 At 423 Westwood Drive. Affordability Is The Main Feature And At Less Than 300K, You Won't Find Better Value. An All Brick End-Unit Townhouse With 3 Bedrooms And Two And A Half Bathrooms Makes It Attractive To First Time Home Buyers Or Investors Alike. This Home Features Private Front Yard, Well Appointed Kitchen, Hardwood Floors In The Living Room And Throughout The Second Floor, Central Air Conditioner Together With A Finished Basement And A Rare And Sought After Second Parking Spot (Rented). Condominium Complex Includes On-Site Playground And Outdoor Pool. Enjoy The Privacy, Space And Size Of A Townhouse, The Maintenance Free Nature Of A Condominium, At The Price Of An Apartment! A 3-Bedroom End Unit Townhome At This Price Point Won't Last Long, Book Your Showing Before It's Too Late. (Id:23934)
CALL1.877.896.6727
Property Price
$292,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,625
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,863
Mortgage Insurance PST
$889
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,877
First Time Home Buyer
Land Transfer Tax Credit
-$2,863
Cash Needed
$17,014
Monthly Payment
$1,293
Open House Sat. Dec.7Th & Sun. Dec.8Th From 2:00Pm-4:00Pm. Move In Time For Christmas! Adorable, Move-In Ready, 3 Bedroom, 3 Bathrooms, Single Detached Home On A Quiet Kitchener Court Location! Freshly Painted Home And New Carpet On The Second Floor. You Will Also Find Laminate Flooring Throughout The Main Level. Deep Rear Yard With Interlocking Brick Patio. Fully Fenced Yard With Lots Of Room For Kids And Pets. The Home Has Been Upgraded With Many Attractive Features The Past Few Years. Some Of The Upgraded Features Include Newer Kitchen With Granite Counter Tops (2012), Travertine Tile Flooring Throughout The Hallway And Main Bath, New Fridge (2018), New Washing Machine(2019), High Efficiency Furnace (2016), Water Heater (2019), Patio Doors, Windows With Triple Pane Glasses (2012) New Sidings With Additional Insulation And Extra Insulation In Attic (2014), Hot Tub (2010) In "As Is" Condition, Roof And Porch (2009). In The Basement You Will Find A Finished Recreation Room, 3 Piece. Bath (2012) With Tile Flooring And Utility / Laundry Room. The Over-Sized Driveway Can Fit 2 Vehicles. You Can Not Beat This Location, Close To All Amenities, Bus Routes, Library, Grocery Stores, Shopping Centres, Schools And More. The Court Is Directly Beside Filsinger Park And A Lovely Walking Path. (Id:23934)
CALL1.877.896.6727
Property Price
$489,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,273
Mortgage Insurance PST
$1,489
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$33,757
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$29,757
Monthly Payment
$2,166
Impressive, Extensively Updated 4+2 Bedrooms, Raised Bungalow, Boasting Modern And Inviting Interior And Exterior Spaces. Backing Onto A Protected Greenbelt That Leads To Morrison Park. Main Level Offers Open Concept, To A Lovely Living / Dining / Kitchen, 4 Bdrs And 1 Bath. Large Living Room Window Offers A Million Dollar View Of The Slopes And The Chicopee Ski Hill. Hardwood Floors In The Main Living Areas, Heated Stone Tile In The Kitchen, Tile Backsplash, Hardwood Stairs And Railings. Master Bedroom Leads To A Beautiful Open Deck Overlooking Mature Trees. Patio Doors From Dining Area Lead To A 3 Season Sunroom, With An 8 Person Salt Water Hot Tub. Bathrooms Have Been Completely Renovated 2019, Granite, Marble Countertops And Porcelain Tiles And Led Lighting.Fully Finished Lower Level Recreation Room, 2 Bedrooms, Wood Fireplace. Exterior Of The Home Is Virtually Maintenance-Free; Over $125,000.00 In Upgrades Over The Years. Updates Include Some New Windows, New Sub Pump (2018). The Exterior Of The Home In The Stucco Cladding System Which Offers An Additional R10-Value Of Insulation To The Home, New Soffits (2017), Downspouts (2017), Capped Trim Around Doors With Aluminum (2017), New Shingles (2017). Front And Backyard Landscaping (2017) Has Been Done In Armour Stone With Beautiful Annabelle Hydrangeas As Accent. Stairs Beside The House Are Done With Oldcastle Bayside Coloured Stone. Stucco Precast Railings (2017), Front Porch Finished In Durock Jewel Stone Coating. (Id:23934)
CALL1.877.896.6727
Property Price
$699,900
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$44,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,473
Mortgage Insurance PST
$2,096
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,059
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,059
Monthly Payment
$3,048
Welcome To 119 Cedar Street S. Unit #5 In Kitchener! This Affordable 2 Bedroom, 1 Bathroom Condo Is Move In Ready And Perfect For First Time Home Buyers, Downsizers Or Investors! Close To Victoria Park, Lrt And Everything That Downtown Kitchener Has To Offer! This Open Concept Unit Features A Bright And Spacious Living / Dining Room, A Modern Kitchen With Newer Cabinets And Stainless Steel Appliances, 2 Large Bedrooms With Plenty Of Natural Light And Closet Space, A 4 Piece. Bathroom And In-Suite Laundry (Washer). Book Your Showing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$190,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,500
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,625
Mortgage Insurance PST
$578
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$13,203
First Time Home Buyer
Land Transfer Tax Credit
-$1,625
Cash Needed
$11,578
Monthly Payment
$840

Mortgages In Kitchener

Being within easy reach of Waterloo, Brantford, Guelph, Cambridge & Hamilton, the city of Kitchener is a real estate hotspot, especially for artistic, outdoorsy and history-loving home buyers! This area of Ontario is rich with a great balance of heritage homes, heritage buildings & properties and newer homes alike, so catering to any home buyer's needs for that perfect place to call home and hang their hat can be achieved! Exciting neighbourhoods in this city are vibrant & alive with the arts community, musically-inclined enthusiasts, nature-appreciating people, and business-related professionals; this is what makes this city so unique and urbanite-friendly! Hard loft conversions with heritage buildings, executive townhomes, low-rise & mid-rise condominiums and mature houses are just the beginning with the rich collection of real estate that can be found in this amazingly chic city! Many people on the hunt for their new home will consider a mortgage loan to make their home ownership dream into a reality, and the best foot forward is to do a bit of private legwork financially with the help of a mortgage calculator. This kind of calculator can be found easily and quickly online (on reputable websites like major banks, which are free to use).
With both eyes on the real estate market in Kitchener, home buyers can use a mortgage calculator to work out a basic idea financially where their affordability level is when looking at purchase prices of homes. The Kitchener mortgage calculator will require some financial information like the purchase price of the home, the anticipated interest rate, the term or amortization period of the mortgage loan, the type of mortgage product that would be a great fit financially and the dollar amount of the down payment, as examples on what can be expected. A mortgage calculator is easy to use and it will give home buyers a rough idea of the bottom line financially, although a lender and the application process for a mortgage loan is more in-depth. Home buyers have choices when it comes to the different options with mortgage loan products like an open mortgage (can pay off the mortgage without a penalty), a closed mortgage (cannot be renegotiated, prepaid or refinanced), a variable rate mortgage (the mortgage rate/interest rate can fluctuate), or a fixed rate mortgage (a fixed rate for the life of the mortgage loan), just to name a few of the many options that are out there.