Niagara Falls 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 Niagara Falls 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

Niagara Falls Mortgage Calculator Examples

Are You Looking For A Vacation Home Or A Forever Home With A Year Round Waterfront Living , Look No Further . Enjoy The Welland River Views From Your Deck Or Walk To The Shore Line Where You Can Relax , Go Jet Skiing Or For A Boat Ride . Boat Ramp And A Private Marina Walking Distance. Potential In Law Suite With Separate Entrance And Hydro Meter , Partially Finished With Brand New Up To Code Windows ,Is Also Drywall .Roof And Ac Are Five Years Old , Foundation Has Delta Wrap Blue Skin And New Weeping Tiles .Next Door Also For Sale ! Potential To Purchase Both Houses Side By Side With (With A Lot Size Of 131.70X149.47 Ft For Both Homes).Owner Will Finish Front House Siding Before Closing And Provide New Front And Back Doors . (Id:23934)
CALL1.877.896.6727
Property Price
$649,990
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,999
Mortgage Insurance ($)
$24,400
Mortgage Required ($)
$634,391
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 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
$52,926
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,926
Monthly Payment
$2,565
Welcome To 8557 Sweet Chestnut Drive, This Immaculate 2 Storey Has Been Fully Upgraded Both Inside And Out With Over $200,000 In Stunning Extras. Backing Onto A Protected Forest And Surrounded By Nature This Elegant Home Presents Flawlessly And Is Sure To Impress Even The Most Discerning Buyers. Features Include, 9 Foot Ceilings On Both Main And Second Floors With Smooth Ceilings, Potlights On Dimmers Throughout, All Light Fixtures Are Upgraded, Hardwood Throughout, Upgraded Baseboard And Trim, Professionally Painted, White Custom Kitchen By Paris Kitchens Featuring 9+ Foot Island With Beverage Centre, Premium Appliances Including Bosch Wall Ovens And Induction Cooktop, Quartz Countertops In The Kitchen And All Bathrooms, California Shutters On All Windows, Security Cameras (Cctv) Installed By A.S Security, Fully Fenced Yard Professionally Landscaped And Hardscaped By Tree Amigos , Multilevel Composite Deck Built By Hickory Dickory Decks, All Upgraded Doors And Hardware Throughout, Glass Walk In Showers, 2 Master Bedroom Suites, 2 Other Bedrooms Share A Full Bathroom With Double Vanity, 200 Amp Service, Oak Staircase With Wrought Iron Spindles, Refrigerator And Freezer In Basement Included, 60 Inch Tv In Master Bedroom Included. This One Is A Must See! (Id:23934)
CALL1.877.896.6727
Property Price
$899,900
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,990
Mortgage Insurance ($)
$33,396
Mortgage Required ($)
$868,306
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,473
Mortgage Insurance PST
$2,672
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,635
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,635
Monthly Payment
$3,511
This Gorgeous Mountainview Built And Renovated 2 Storey Double Garage Home Sitting On A Prime Lot, Back On Green Space With No Rear Neighbour! This House Has Many Upgrades! Separate Entrance And Builder Finished Basement In-Law Suite Gives A Lot Of Extra Living Space. Main Floor 9' Ceiling And Oak Wood Stairs. Great Interior Layout Offers Lot Of Natural Day Light, Open Concept Living Room, A Pantry Room Connects Dinning Room And Kitchen. There Is Also An Office Room On The Main Floor. On The Second Floor You Will Find 4 Large Size Bedrooms Plus A Loft, Master Bedroom With 2 Walk-In Closet, 5-Piece En Suite And Double Sink. Fully Fenced Back Yard With Deck. Minutes To The Niagara Falls, Qew, Shopping Mall And All Other Amenities. Don't Miss Out, This Can Be Your Next Dream Home ! (Id:23934)
CALL1.877.896.6727
Property Price
$1,299,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$259,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,039,200
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$22,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$283,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$279,755
Monthly Payment
$4,203
Spacious 6000 Square Feet Of Living Space + Finished Basement With Large Rooms , Indoor Pool And Hot Tub And Huge Reccreation Area! This Home Is An Entertainers Delight. 7 Total Bedrooms And Large Finished Basement With 2 Access Points. Marble Floors, Upgraded Baseboards And Trim, Light Dimmers, Many Upgrades Throughout, Flat Ceilings, Potlights, Indoor / Outdoor Hot Tub, 440 Electrical Panel**** Extras **** Large Bedrooms, 2 Car Garage, Access To Home From Garage, Large Half Acre Estate Lot With Mature Trees. Kitchen In Basement Is Finished, Kitchen On Main Level Is Roughed In. Home Has Alot Of Potential For Large Families, New Windows /Doors (Id:23934)
CALL1.877.896.6727
Property Price
$1,499,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$299,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,199,920
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$26,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$327,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$323,953
Monthly Payment
$4,852
Fully Renovated, Professionally Redesigned Home With Attached Garage And Beautiful Lot, In The Highly Desired North End Of Niagara Falls. Close To Schools, Amenities, Highway And More. With 3 Bedrooms Up And Additional Bedroom / Office In Lower Level Plus Additional Bathroom And Wet Bar, This House Has A Great Layout. Brilliantly Designed With High End Features Youll Love, Including Engineered Hardwood Throughout, As Well As Italian Marble And Porcelain Tiles, And Modern Linear Fireplace Cladded In Stacked Ledge Stone, Flanked With Built In Cabinetry. Kitchen And Baths Feature Cambria Quartz, Custom Cabinetry And Contemporary Fixtures. Custom Window Coverings Included, And The Beautiful Furniture, Area Rugs And Some Art Is Negotiable And Available For Purchase! (Id:23934)
CALL1.877.896.6727
Property Price
$749,900
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$49,990
Mortgage Insurance ($)
$27,996
Mortgage Required ($)
$727,906
Best Mortgage Rate (%)
1.60%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,473
Mortgage Insurance PST
$2,240
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,203
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,203
Monthly Payment
$2,944

Mortgages In Niagara Falls

Niagara Falls is known for its magnificent waterfalls, but there is so much more that entices home buyers to live, work and play here! Besides hosting multiple wineries in 'wine country', there are 'family' geared activities that includes (but not limited to) golfing, farmer's markets with fresh produce, historical sites to explore, local events & festivals, parks galore, and proximity to the USA border. The real estate collection in this city is affordable and can hit many budgeted price points. Realty offerings here are diverse (sidesplits & backsplits, multi-level houses, single family homes, townhomes, condos & lofts, stately manor houses, large farm houses & more. By utilizing the Niagara Falls mortgage calculator, home buyers can quickly surmise roughly how much a home would cost monthly. Anyone can use a mortgage calculator in privacy and for free numerous times to see just how the numbers are 'crunched' to establish that monthly payment bottom line. Play with the interest rate percentage, play with the mortgage loan amortization period, play with the payment frequency, and play with the mortgage loan amount to see where your personal 'fit' is financially. An advanced calculator will accept additional information like the mortgage type, insurance cost and any land taxes applicable.
Niagara Falls is a great place to hang your hat and invest for the future, so after using a mortgage calculator, you could start looking into the what mortgage loans are available. A mortgage loan and how each one functions & if you qualify for a specific one will depend on your individual finances, if you have a down payment and if you have a surplus of money to cover closing costs and other expenses. You may find that lenders want to pre-qualify you for a mortgage loan so they too can see which mortgage loan products you can financially take on and what level of risk you pose to them. Many people that choose a mortgage loan tend to opt for a fixed rate mortgage loan, so they have the benefits of locking in an agreed-upon interest rate for a certain term. Some people appreciate the 'wiggle room' that a variable rate mortgage and an adjustable rate mortgage offers (the interest rate is set to only move with the prime rate). Your lender will likely discuss an open mortgage and a closed mortgage with you so you can add either more flexibility (an open mortgage) or lock it in (a closed mortgage).