Kitchener Mortgage Calculator
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
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CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$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)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
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Mortgage type specifies whether the interest
rate is variable or fixed
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Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.69 %
4.79 %
4.84 %
4.89 %
4.99 %
4.99 %
5.04 %
5.04 %
5.04 %
5.14 %
5.29 %
5.74 %
5.74 %
6.49 %
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
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
Kitchener Mortgage Calculator Examples
Welcome Home To Barra On Queen! This Beautiful & Modern 1-Bedroom / 1-Bathroom Condo Apartment Boasts 9’ Ceilings And 755 Square. Ft. Of Living Space, Including 690 Square. Ft. Of Interior Space + A 65 Square. Ft. East-Facing Balcony To View The City Lights Of Downtown Kitchener. This Unit Features Quartz Counters, Glass Tile Backsplash, Stainless Steel Appliances, In-Suite Laundry, 1 Owned Underground Parking Spot And An Owned Storage Locker! Located Just Steps From Victoria Park, The Lrt, Farmer’S Market And Downtown Kitchener, This Contemporary Building Offers A Fitness Room, Gathering Space / Party Room, Guest Suite, Outdoor Patio With Barbeque Area, Bicycle Storage Room, Car Share Spaces, And A Dog Washing Station. Don’T Miss Your Chance To Live In The Heart Of The City! (Id:23934)
CALL1.877.896.6727
Property Price
$489,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,450
Mortgage Insurance ($)
$18,582
Mortgage Required ($)
$483,132
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,255
Mortgage Insurance PST
$1,487
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$33,692
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$29,692
Monthly Payment
$2,725
Welcome Home To The Barra On Queen! This Beautiful, Modern, 1-Bedroom / 1-Bathroom Condo Apartment Boasts 9' Ceilings And 755 Square Ft Of Living Space, Including 690 Square Ft Of Interior Space + A 65 Square Ft East-Facing Balcony To View The City Lights Of Downtown Kitchener. This Unit Features Quartz Counters, Glass Tile Backsplash, Stainless Steel Appliances, In-Suite Laundry, 1 Owned Underground Parking Spot And An Owned Storage Locker!**** Extras **** Located Just Steps From Victoria Park, The Lrt, Farmer's Market And Downtown Kitchener, This Contemporary Building Offers A Fitness Room, Gathering Space / Party Room, Guest Suite, Outdoor Patio With Barbeque Area, Bicycle Storage Room... (Id:23934)
CALL1.877.896.6727
Property Price
$489,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,450
Mortgage Insurance ($)
$18,582
Mortgage Required ($)
$483,132
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,255
Mortgage Insurance PST
$1,487
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$33,692
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$29,692
Monthly Payment
$2,725
Welcome To 923 Stonecliffe Walk, A Picturesque And Architecturally Stunning Energy-Star Detached Home In Stonecliffe Walk. The Torres Model, Built By Ridgeview Homes On A Premium Lot, Is A Prideful Residence With Nearly $200,000 In Upgrades. This 4-Bedroom, 3.5-Bathroom Executive Family Home Offers A Double Car Garage And A Carpet-Free Main Floor With High Ceilings In The Kitchen And Dining Areas. The Kitchen Is A Standout Feature, Boasting Tall Sloped Ceilings, Large Cabinets With An Island And Extended Bar, Quartz Countertops, And A Stylish Backsplash. The Upgraded Hardwood Stairs Lead To A Loft And Three Additional Bedrooms, Including A Second Primary Bedroom With A 5-Piece Bath And His And Her Walk-In Closets. The Unfinished Basement Offers A 9 Ft Ceiling, Potential For Personal Layout Customization, A Rough-In For A 3-Piece Bathroom, A Cold Room, And Oversized Windows. ** This Is A Linked Property.** **** Extras **** **Waterloo Association Of Realtors ** Extensive Upgrades Include 10 Foot Main Floor, 9 Foot Basement And Second Floor, 8 Foot High Interior Doors, Cathedral Ceilings With Huge Windows, And An Upgraded Kitchen With Stainless Steel Appliances. (Id:23934)
CALL1.877.896.6727
Property Price
$1,519,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$303,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,215,920
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$26,873
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$332,353
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$328,353
Monthly Payment
$6,859
Opportunity Awaits With This Purpose Built Triplex, Featuring Three 2 Bedroom Units, Two With Their Own Private Balconies. Gas Forced Air Heat, Separate Hydro Meters, With The Tenants Paying Their Own Hydro. Convenient Location, Close Proximity To The Expressway, Downtown Kitchener And Shopping. (Id:23934)
CALL1.877.896.6727
Property Price
$999,000
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,900
Mortgage Insurance ($)
$36,964
Mortgage Required ($)
$961,064
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,455
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,812
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,812
Monthly Payment
$5,421
Welcome To 199 Breithaupt In Kitchener. Owning This Home Presents The Unique Opportunity To Live In The Entire House Or Live In Partially Of The House And Earn Income From The Rest. This Duplex Plus Commercial Unit Is A Unique Investment Opportunity That Offers Both Residential And Commercial Income Streams. The Property Consists Of Two Residential Units, Each With Its Own Entrance, As Well As A Commercial Unit On The Ground Floor. The Main Floor Residential Unit Is A Cozy One-Bedroom Apartment, Perfect For A Single Person Or Couple. The Second & Third Level Residential Unit Is A Spacious Two-Bedroom Apartment, With Ample Living Space, A Full Kitchen, And Two Bathrooms. Both Units Are Currently Vacant, Clean And Recently Updated With Consistent Rental Income Potential. The Ground Floor Commercial Unit Is Also Vacant, Providing A Tremendous Opportunity For Any Entrepreneur Or Investor. The Space Is Versatile And Can Be Used For A Range Of Commercial Purposes, Including Retail, Office, Or Service-Based Businesses. Overall, This Property Is An Attractive Investment Opportunity. (Id:23934)
CALL1.877.896.6727
Property Price
$1,099,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$219,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$879,200
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$18,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$239,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$235,755
Monthly Payment
$4,959
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.