New Tecumseth 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 New Tecumseth 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

New Tecumseth Mortgage Calculator Examples

Attention First Time Home Buyers And / Or Investors!! This Home Is The Perfect Size For You! The ""Hampton"" Model 1983 Square.Ft. Built By Devonleigh Homes Has A Great Layout; 3 Lg Bedrooms (2 With Ensuite & 1 With Semi Ensuite), 3 Bath, Open Concept, Upper Level Laundry, 1.5 Garage, No Sidewalks And The List Goes On! Unfinished Basement Waiting For Your Design & Personal Touches To Make This House Your H-O-M-E!**** Extras **** All Appliances, Electrical Lighting Fixtures, Furnace, Ac. Great Layout In A Family Friendly Neighbourhood Minutes To Schools, Shopping, Hospital & All Amenities!! Rare Balcony Off The Master Bedroom To Enjoy Your Morning Coffee!! This One Won't Last Long!! (Id:23934)
CALL1.877.896.6727
Property Price
$675,000
Minimum Down Payment (%)
6.30%
Minimum Down Payment ($)
$42,500
Mortgage Insurance ($)
$25,300
Mortgage Required ($)
$657,800
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,975
Mortgage Insurance PST
$2,024
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$55,999
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$51,999
Monthly Payment
$2,673
Updated Sidesplit Bungalow, Steps To Shops Dining And Entertainment, Pot Lights, Stainless Steel Appliances,Marble Backsplash, Fireplace With Feature Wall, Polished Porcelain And Laminate Flooring Through Out The Home., New Roof (2019), Finished Basement With Recreation Room And 4Pc Bathroom**** Extras **** Stainless Steel Fridge,Stove,Dishwasher And Microwave, White Washer And Dryer, Hot Water Tank(Owned), Fireplace, All Fixtures Currently In Home. (Id:23934)
CALL1.877.896.6727
Property Price
$599,999
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$35,000
Mortgage Insurance ($)
$22,600
Mortgage Required ($)
$587,599
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,475
Mortgage Insurance PST
$1,808
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,783
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,783
Monthly Payment
$2,387
Superior Renovations Top To Bottom, Inside And Out. Almost $200K In Improvements. Looking For A Fully Finished, ""Just-Move-In"" Home? You've Found It! Exceptional Views From The Great West Exposure, This 6 Year Old Home In The Award-Winning And Family-Friendly Community Of Treetops Has It All. Fresh-Air Living In A Small-Town Setting With All Amenities Close By. Welcome To 48 Kennedy And...Welcome Home!**** Extras **** Existing Fridge, Stove, Built-In Dishwasher & Microwave, Custom Range Hood, Washer / Dryer, Vinyl Shed, Central Vacuum & Att, Garage Door Opener & Rmts, Garage Shelving, All Windows Covers, All Electrical Lighting Fixtures, All Closet Shelving. See Feature Sheet Attachment. (Id:23934)
CALL1.877.896.6727
Property Price
$898,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,800
Mortgage Insurance ($)
$33,328
Mortgage Required ($)
$866,528
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,435
Mortgage Insurance PST
$2,666
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,401
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,401
Monthly Payment
$3,521
Legal Duplex, 2 Separate Units With Renters On A Month To Month Basis. Main Unit Has Laundry, Eat In Kitchen & Offers 2 Bedrooms & A Large Living Room. 2Nd Unit A Smaller Bachelor Unit. Walking Distance To Schools & Shops, Lots Of Area For Parking 7 Cars. Detached Garage Great For Storage. House Backs Onto No One, Greenspace & Lots Of Yard To Play In. Live In Main House & Get Income From Other Unit. Large Lot, Lots Of Great Income Potential!**** Extras **** Includes: All Electrical Lighting Fixtures, 2 Fridges, 2 Stoves, Washer & Dryer. Exclude: Window Air Conditioner Hot Water Tank (Rental) (Id:23934)
CALL1.877.896.6727
Property Price
$574,900
Minimum Down Payment (%)
5.65%
Minimum Down Payment ($)
$32,490
Mortgage Insurance ($)
$21,696
Mortgage Required ($)
$564,106
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,973
Mortgage Insurance PST
$1,736
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$43,699
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$39,699
Monthly Payment
$2,292
Premium 2 Bedrooms,2 Bathrooms,Open Concept Condominium With Ensuite Laundry,Laminate And Tile Floors, 1 Owned Underground Parking Space,And 3'X8'locker.Walking Distance To Downtown.Freshly Painted, Security System,Keyless Entry,Open Kitchen With Prep Island,Lots Of Natural Light,Open To Living Area. Stylish Bathrooms,Large Southern View Balcony. Central Air,Elevator For Easy Access. Visitors Parking. Mailbox In The Lobby Area, Secure Key Fob / Intercom Entry.**** Extras **** Legal Description; Unit 11, Level 3, Simcoe Standard Condominium Plan No. 417 And Its Appurtenant Interest Subject To Easements As Set Out In Schedule A As In Sc1289210 Town Of New Tecumseth (Id:23934)
CALL1.877.896.6727
Property Price
$499,999
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$25,000
Mortgage Insurance ($)
$19,000
Mortgage Required ($)
$493,999
Best Mortgage Rate (%)
1.64%
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
$2,007

Mortgages In New Tecumseth

Settled just north of Toronto and offering home buyers an enriched lifestyle, the city of New Tecumseth has made it to the top places to live in Ontario list! All the pieces are in place as an adaptable place to live for growing families with children, singles & young couples, retirees and business professionals. Friendly neighbours, safer neighbourhoods, tons of amenities, great parks & schools and ideal transportation options are just the start. The realty collection in this town-feeling city is vastly interesting and affordable (large townhouses, small single family homes, condos, sidesplits, multi-level homes, bungalows, executive townhomes, older cottage like dwellings and ranchers). If you are in the market for a mortgage loan in order to purchase your new home, then the New Tecumseth mortgage calculator will really come in handy! Found on the websites of banks & mortgage companies, home buyers can use a mortgage calculator to work the numbers repeatedly to find that monetary comfort zone. This calculator does more then just work out your monthly payment amount based on the loan amount, the interest rate & duration of the loan, it shows you how the frequency of your monthly payment, the number of years applied to the loan, and the interest rate all affect your bottom line.
New Tecumseth is a fantastic and investment worthy city, so after playing with the numbers via a mortgage calculator, you will be ready to further your mortgage investigation. You may already be aware that there are multiple mortgage products out there, but do you know why each one performs differently and yields different results? Based on your personal finances and the home information, lenders themselves vary drastically. While banks and credit unions have their own funding accessible, mortgage brokers and private loans companies source their funding from different entities, so there are pros and cons to traditional lenders and alternative lenders. How you measure up financially will be a big factor in what kinds of mortgage products you would qualify for from a lender (the level of risk to the lender will dictate the offered interest rate and mortgage product). The most common mortgage types are an adjustable rate mortgage (your interest rate is monitored & adjusted to keep pace with the prime rate), a variable rate mortgage (your interest rate fluctuates with the prime rate), a fixed rate mortgage (your interest rate is locked in for a certain time frame) and a hybrid mortgage (starts out as a variable rate mortgage then switches over to a fixed rate mortgage).