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

3+1 Bedroom 3 Bath 2 Storey Home On Corner Lot With Huge Beautifully Landscaped Backyard Across From Park & Millennium Trail! Spacious Covered Porch, Living Room With Fireplace Open To Dining Room With Walkout To 3 Tiered Deck. Kitchen With Pantry. Seperate Entrance To Lower Level Featuring 4Th Bedroom, Kitchen, Living Room With Gas Fireplace & 3Pc Bath. 7 Appliances Included! (Id:23934)
CALL1.877.896.6727
Property Price
$524,900
Minimum Down Payment (%)
5.24%
Minimum Down Payment ($)
$27,490
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,973
Mortgage Insurance PST
$1,592
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$37,555
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$33,555
Monthly Payment
$2,188
3 Year Old, Empire Homes "The Camelot", Style A-1753 Square. Ft. Backing Onto Green Space, Premium Lot, All Brick, Upgraded Hardwood On The First And Second Floor. Tile In The Kitchen, Baths, Foyer And Second Floor Laundry. Upgraded Led Lights Throughout The House, Brushed Stainless Steel Back-Splash In The Kitchen. Breakfast Bar Sits 4 Comfortably. 9Ft Ceilings On The Main Floor. Master Has Large 3-Piece Ensuite With Tiled Shower And Huge Walk-In Closet. Neutral Decor And Lots Of Windows To Let In The Natural Light, Walk Out From Breakfast / Dining Area To Back Yard. Half Wall Between Dining Area And Great-Room. Custom Railing / Gate Combo Installed On Front Porch. Convenient Area With Lots Of Amenities, Close To Schools, And Minutes From Niagara Falls Making It Popular For Both Long And Short Term Rentals. (Id:23934)
CALL1.877.896.6727
Property Price
$629,900
Minimum Down Payment (%)
6.03%
Minimum Down Payment ($)
$37,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,073
Mortgage Insurance PST
$1,894
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$50,457
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$46,457
Monthly Payment
$2,604
Stunning, One Of A Kind Bungalow! Situated On A Desirable & Mature Street In The North End Of Niagara Falls On A 278 Deep Lot, This Home Offers Almost 3500 Square Feet Of Finished Living Space With 2+1 Bedrooms, 3 Full Baths, Attached Single Garage And A Gorgeous 500 Square Feet Covered Rear Deck. The Open Concept Main Floor Layout Features 1900 Square Feet Of Luxury Living Space. Main Floor Plan Features Dining Room, Guest Bedroom, Large Eat-In Kitchen With 9 Center Island Plus A Dream, Walk-In Pantry. The Great Room Is Conveniently Located At The Back Of The House With A Beautiful, Floor To Ceiling Stone Fireplace, Big & Bright Windows Plus Garden Door Walk Out On Both Sides To Your Vaulted Ceiling, Covered Rear Deck. Enjoy Your Morning Coffee Or Entertaining Guests On This Oversized Living Area With Views Of Your Pool-Sized & Tennis Court Sized Rear Yard. Master Suite Features A Sliding Barn Door With Walk-Out Access To Rear Deck, Dream Walk-In Closet & Dream Master Ensuite With Double Sinks, Separate Soaker Tub & Gorgeous, Walk-In Tiled Shower. Basement Level Is Fully Finished With 3Rd Bedroom, Office / Den Area With Gas Fireplace, Huge & Open Recreation Room Area, Plus Laundry Room. Rear Yard Is Finished With Side Patio, Drive-Through Garage Door And 2 Storage Sheds. Updates; Roof (13), Furnace (13), Windows (13), Central Air (13), Basement Carpet (19). All Kitchen Appliances Plus Washer & Dryer Included. Easy Access To Shopping, Restaurants, Parks And Convenient Access To The Qew Highway & 406. (Id:23934)
CALL1.877.896.6727
Property Price
$769,900
Minimum Down Payment (%)
6.75%
Minimum Down Payment ($)
$51,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,873
Mortgage Insurance PST
$2,297
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$67,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$63,660
Monthly Payment
$3,158
You Found The Perfect Location! Quiet, Tree-Lined, North-End Crescent Is Where You Will Find This One Owner And Very Well-Maintained Backsplit. Newer Roof, Windows And Furnace Makes It Easy To Just Move In And Decorate To Your Taste. The Grounds Are Manicured, The Back Yard Is Fenced In And Has A Concrete Patio.**** Extras **** Fridge, Stove, Dishwasher, Washer, Dryer Included. (Id:23934)
CALL1.877.896.6727
Property Price
$539,000
Minimum Down Payment (%)
5.36%
Minimum Down Payment ($)
$28,900
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,255
Mortgage Insurance PST
$1,632
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$39,287
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$35,287
Monthly Payment
$2,244
Beautiful 2 Bed+Den, Condo. Enjoy The Views Of Shriner's Creek From Private Walkout Patio Just For You. Upgraded From Top To Bottom With Only The Highest Quality Materials & Finishes. Extremely Clean & Well Maintained.Privacy & High Security Are The First Things You Notice When Entering The Property. Quality Finishes Including Granite Counters, High End Laminate Flooring Throughout, With 6 Appliances Included. Main Floor With 10' High Ceilings.**** Extras **** Extensive Amenities Included Indoor Pool, Hot Tub, Sauna, Fitness Room, Party Room With Fireplace, Pool Table And Access To Patio And Barbeque Area, Concierge For Additional Piece Of Mind, Underground Parking And Lockers. (Id:23934)
CALL1.877.896.6727
Property Price
$449,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,495
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,473
Mortgage Insurance PST
$1,368
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,836
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,836
Monthly Payment
$1,880

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).