Kitchener 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 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

Featuring An Inlaw Suite! Great Location Across The Street From A Park! Beautifully Finished Original Hardwood Flooring As Well As New Hardwood Flooring And Tile. Almost All New Windows And Doors. Furnace And Ac Done In 2016, As Well As The Hot Water Heater. Off The Kitchen Is A Door To The Backyard As Well. Gorgeous Main Floor Bathroom. Main Floor Laundry!! So Nice Having Main Floor Laundry. There Is An Additional Laundry Room As Well In The Basement For The Inlaw Suite. The Inlaw Suite Is Large And Spacious, Featuring 2 Living Areas, Kitchen Area, And A Bedroom, As Well As A Full 4 Piece Bathroom. The Kitchen Was Redone In 2017 Offering Bright Colours. The Back Yard Offers Lots Of Space And Plenty Of Room To Entertain. No Open Houses, By Appointment Only. (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
2 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
Endless Opportunity In This Historic Home In Kitchener's Downtown Core. A Great Investment Opportunity Or A Great Place To Call Home. Full Of Character With Amazing Trim Work And Stained Glass Windows. This Home Is Waiting For Your Personal Touch. Call Today For Your Private Viewing. (Id:23934)
CALL1.877.896.6727
Property Price
$650,000
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$40,000
Best Mortgage Rate (%)
2.49%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,475
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,927
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,927
Monthly Payment
$2,839
The Daffodil (Corner Unit) By Huron Creek Developments. Spacious 2 Storey Stacked Town Featuring Laminate And Ceramic As Per Plan, 3 Beds And 1.5 Baths. The First Level Boasts An Open Concept Kitchen, Living Room And Dinette That Leads To Your Private Balcony. The Second Storey Is Inviting With 3 Large Carpet Free Bedrooms, And Insuite Laundry. Stainless Steel Appliance Package (Fridge, Smooth Top Range, Dishwasher And Over The Range Microwave), Modern Trim, Water Softener Rough In, And Ultra Low Condo Fee! Close To Shopping, Schools, Parks, Walking Trails, Expressway And 401. Energy Star Certified. Convenient Living At Huron Gardens. Presentation Centre Located At 145 Rochefort St., Kitchener: Sat / Sun 1-5Pm, Mon-Wed 4-7Pm. (Id:23934)
CALL1.877.896.6727
Property Price
$375,990
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,800
Best Mortgage Rate (%)
2.49%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,115
Mortgage Insurance PST
$1,143
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$25,557
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$21,557
Monthly Payment
$1,662
The Tulip By Huron Creek Developments. 2 Bed + Den, 2 Storey Stacked Town With Carpet Free Living (Laminate And Ceramic As Per Plan). The First Level Gives You An Open Concept Kitchen With Wet Island Overlooking The Living Room. The Dinette Area Has A Convenient Walkout To A Private Balcony. The Second Storey Is Spacious And Functional With 2 Bedrooms Plus A Den / Office. Stainless Steel Appliance Package In The Kitchen (Fridge, Smooth Top Range, Dishwasher, Over The Range Microwave), Modern Trim, Water Softener Rough In, Insuite Laundry Area. Close To Shopping, Schools, Parks, Walking Trails, Expressway And 401. Ultra Low Condo Fee! Energy Star Certified. Convenient Living At Huron Gardens. Presentation Centre Located At 145 Rochefort St., Kitchener: Sat / Sun 1-5Pm, Mon-Wed 4-7 Pm. (Id:23934)
CALL1.877.896.6727
Property Price
$369,990
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,500
Best Mortgage Rate (%)
2.49%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,025
Mortgage Insurance PST
$1,125
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$25,149
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$21,149
Monthly Payment
$1,636
The Lavender Offered By Huron Creek Developments. Energy Star Certified. Wonderful 2 Bed 2 Bath Layout Including Ensuite With 5' X 3' No Step Tile Shower, Insuite Laundry Room, And Private Patio. Standard Features Include Laminate And Ceramic Flooring, Modern Oversized Trim / Casing, Water Softener Rough In, Stainless Appliance Package In Kitchen (Refrigerator, Stove, Dishwasher, Over The Range Microwave). Close To Shopping, Schools, X-Way And Walking Trails. Convenient Living At Huron Gardens. Sales Centre Located At 145 Rochefort St., Kitchener, Sat / Sun 1-5 Pm, Mon-Wed 4-7 Pm (Id:23934)
CALL1.877.896.6727
Property Price
$338,990
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,950
Best Mortgage Rate (%)
2.49%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,560
Mortgage Insurance PST
$1,031
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,040
First Time Home Buyer
Land Transfer Tax Credit
-$3,560
Cash Needed
$19,480
Monthly Payment
$1,499

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.