Norfolk 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 Norfolk 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

Norfolk Mortgage Calculator Examples

This Home Has It All! Located Just A Couple Kilometers South Of Tillsonburg. The Lot Is 80X258 Foot. This Home Features An Oversized Master Bedroom With A Gorgeous En-Suite. The Kitchen Is Family Sized And Offers An Open Concept. The Basement Is Fully Finished And Easily Converted To An In-Law Suite. Enjoy The Sunsets From Your Covered Front Porch And Sunrises From The Covered Rear Porch. The Garage Is Finished And Large Enough For 2 Vehicles. (Id:23934)
CALL1.877.896.6727
Property Price
$659,900
Minimum Down Payment (%)
6.21%
Minimum Down Payment ($)
$40,990
Mortgage Insurance ($)
$24,756
Mortgage Required ($)
$643,666
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,673
Mortgage Insurance PST
$1,981
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$54,144
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$50,144
Monthly Payment
$2,528
Welcome To 185 Concession 12, Langton. This Is A 4+ Bedroom Home With 2 Bathrooms. The Main Floor Has Very Large Rooms, Which Include An Eat-In Kitchen, Formal Dining Room, Living Room, 2 Bedrooms, 2 Bathrooms, A Front And Rear Entry Area, As Well As A Very Big Laundry Room. The Upper Floor Has 3 Bedrooms That Could Be Split Into 4 Without Too Much Work. This Home Is Situated On .82 Of An Acre And Has A Detached 2 Car Garage With A Loft Above And Could Be Set Up For Additional Living Space. Call For Your Viewing Today. (Id:23934)
CALL1.877.896.6727
Property Price
$429,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,450
Mortgage Insurance ($)
$16,302
Mortgage Required ($)
$423,852
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$5,055
Mortgage Insurance PST
$1,304
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$29,309
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$25,309
Monthly Payment
$1,665
This Beautiful 3+2 Bedroom, 3 Bath Home Is Just Over 1 Year Old. The Open Concept Home Features A Kitchen With Granite Counter Tops, Hardwood Cabinets And A Large Island. The Master Bedroom Has An Ensuite And Walk-In Closet. Large Windows Bring In Plenty Of Natural Light And Beautiful Decor Brings A Bright Warm Feeling Into The Entire Home. Main Floor Laundry. The Lower Level Has A Huge Recreation Room, 2 Bedrooms, An Office And A 4 Piece Bath. An Inviting Front Covered Porch Along With A Large 12Ft X 28Ft Covered Deck Offer Views Of The Wooded Lot. A Great Place To Sit, Relax And Look At The Scenery. Call For Your Private Showing. All Measurements Are Approximate. Taxes To Be Assessed. (Id:23934)
CALL1.877.896.6727
Property Price
$805,000
Minimum Down Payment (%)
6.89%
Minimum Down Payment ($)
$55,500
Mortgage Insurance ($)
$29,980
Mortgage Required ($)
$779,480
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$12,575
Mortgage Insurance PST
$2,398
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,973
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,973
Monthly Payment
$3,061
Welcome To Port Rowan And A Spectacular New Detached 2 Story Home Built By Lakefield Homes In Partnership With Field Homes Of Brantford. Lakefield Homes Offers The Best In Workmanship And Materials With A Reputation For Quality Building And Modern Design Concepts.This Open Concept Design Is Within Walking Distance To Lake Erie In Port Rowan Ontario. Two Bedroom With 2Nd Floor Master With Outdoor Balcony With Sliding Door Walkout.**** Extras **** Tarion Warranty With Completion In September (Id:23934)
CALL1.877.896.6727
Property Price
$599,000
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,900
Mortgage Insurance ($)
$22,564
Mortgage Required ($)
$586,664
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,455
Mortgage Insurance PST
$1,805
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,660
Monthly Payment
$2,304
Welcome To Port Rowan And A Spectacular New Semi Detached Bungalow Built By Field Homes Of Brantford. Field Homes Offers The Best In Workmanship And Materials, With A Reputation For Quality Building And Modern Design Concepts. This Open Concept Design Plan Features An Open Concept Kitchen And Dining Room And Great Room. The Open Concept Kitchen With Island Is Attached To The Dining Room And Great Room And Leads To A Covered Deck With Stairs To Back Yard.**** Extras **** Smoke Detector (Id:23934)
CALL1.877.896.6727
Property Price
$489,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,495
Mortgage Insurance ($)
$18,616
Mortgage Required ($)
$484,021
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
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
$1,901