Oakville 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 Oakville 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

Oakville Mortgage Examples

Don't Miss This Stunning Model Home With Approx. 2762 Square Feet Of Luxury Living Space On 3 Finished Levels. A Catch At This Price In Oakville. Top Quality Workmanship With An Abundance Of Upgrades & Custom Features Throughout. Nestled In An Exclusive Enclave & Backing Onto A Lush Ravine & Woods.Thinking Of Downsizing But Still Need Room For Entertaining? You'll Love The Huge Formal Living / Dining Room That Comfortably Seats Many! The Great Room Overlooks The Ravine & Is Open To The Gourmet Kitchen. This Cooks Dream Features 2 Ovens, Warming Drawers, Gas Range, Brandnew Dishwasher, Wine Fridge Pus Built In Desk. A Gracious Open Circular Staircase Leading To The Upper Level Boasts A Skylight Allowing For An Abundance Of Natural Light & A Custom Built-In Linen Armoire. The Master Suite With French Doors To Juliet Balcony Features Custom Ensuite With Skyligh, A Jetted Tub & Glass Shower With Jets. The 2Nd Bedroom Is Enhanced By A Custom Window Seat With Storage & The 3Rd Bedroom Offers A Large Walk In Closet. Enjoy The Convenience Of The Laundry Room Completing This Level. An Above Grade Family Room With Walkout To Private Peaceful Garden Oasis & Plus Entry To A True Double Car Garage With Extra Storage Room Below. Enjoy The Benefits Of Condo Living Including All Exterior Maintenance Including New Roof In 2016, New Garage Doors And Openers, Gas Barbeque In Your Backyard, Sprinklers & Lawn-Care, Snow Removal, Windows & Window Cleaning. All Sidewalks And Roads Have Just Been Redone (Id:23934)
CALL1.877.896.6727
Property Price
$1,049,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$209,800
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$17,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$228,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$224,755
Monthly Payment
$3,631
Welcome To 384 Pinegrove Rd. This Home Has Been Maintain Tremendously Over The Years And Is A Great Property To Create A Fantastic Place To Call Home! Great Lot Size With Large Back Yard And A Garage With Overhead Doors On Both Sides Which Is Rare & Unique. Brand New Furnace Was Just Installed. Don't Wait Book Your Showing Today!! (Id:23934)
CALL1.877.896.6727
Property Price
$835,000
Minimum Down Payment (%)
7.01%
Minimum Down Payment ($)
$58,500
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,175
Mortgage Insurance PST
$2,485
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$75,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$71,660
Monthly Payment
$3,494
Stylish 1 Bedroom Plus Den Suite Situated In The Courtyard Residence In The Trendy Oak Park Community Of Oakville! This Well-Appointed Floor Plan Provides Ample Living Space With A Personal, Oversized Balcony Providing You With Extended Outdoor Living Space And Spectacular Unobstructed South Views Of The Escarpment And Lake. Boasting 9 Ceilings With A Modernized Kitchen Complete With Dark Cabinetry, Stainless Steel Appliances, Granite Counters With Breakfast Bar And Backsplash. Gleaming Hardwood Floors Laid In The Combined Living / Dining Room And Den With Upgraded Berber Carpet In The Master Bedroom, Which Is Complete With Custom Closet Organizers, A Main 4-Piece Bath And Ensuite Laundry. The Building Features A Host Of Amenities Including Concierge, Gym / Exercise Room, Pool, Party Room Along With Bbqs, Media / Cinema Room, Meeting Room, Games / Recreation Room And Sauna. One Underground Parking Space Included With Visitor Parking Also Available. Exceptional Amenities Are Woven Right Into The Neighbourhood Being Within A Short Walk To Shopping, Restaurants, Medical And Easy Access To The 403 / 407 / Qew, Transit And More! (Id:23934)
CALL1.877.896.6727
Property Price
$414,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$20,745
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,773
Mortgage Insurance PST
$1,261
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$28,279
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$24,279
Monthly Payment
$1,774
Spectacular Freehold Bungaloft Near Downtown Oakville With 50 Ft Lot And Double Garage. Over 2,500 Square Ft Of Luxury Finishes & 9' Ground Floor Ceilings. Over $600,000 Spent On Improvements & Renovations. Request Feature Sheet For Full List! Brazilian Cherry / Jatoba Hardwood Flooring.Upgraded Crown Moldings And Oversized Baseboards. Hunter Douglas Blinds & California Shutters.Luxury Ground Floor Master Bedroom Suite. Artisan Design Custom Cupboards. Recessed Entertainment Centre Over Electric Fireplace.Luxurious Master Bath Ensuite With Heated Flooring & Towel Rack.Large Walk In Shower & Soaker Tub. His / Her Vanity.Artisan Design Custom Kitchen Open To Great Room With Gas Fireplace. Kitchen Features Granite Sit-Up Island With Double Farmer's Sink And Seating For 4. Top End Stainless Appliances Including Jenn Air Oven / Microwave / Warming Drawer & Rapid Heat Induction Counter Top Range And Wine Cooler. Miele Dishwasher.Sub Zero Matching Custom Faced Panelled Fridge / Freezer.High Efficiency Kolbe French Doors Leading To Back Yard Oasis. Solid Wood Doors With Upgraded Hardware. Upper & Lower Staircase Replaced With Stained Oak Treads To Match The Floors.2Nd Floor Features 2 More Bedrooms Or Offices / Studios.Renovated Bath.Totally Finished Basement With Recreation Room, Bedroom, Bath And Workshop.Low Maintenance Exterior Professionally Landscaped Inc. Stone Front And Rear Patios. Privacy Fenced,Custom Garden Shed.Sprinklers .Only 10 Minutes To Go Station.Quiet Court Location Perfect In Every Way! (Id:23934)
CALL1.877.896.6727
Property Price
$1,588,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$317,600
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$28,235
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$347,335
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$343,335
Monthly Payment
$5,497
Luxurious 3+1 Bedroom, Fernbrook Built Townhome In Beautiful Bronte Creek, Set Amongst Executive Homes, Surrounded By Walking Trails & Nature. Stylish Brick / Stone Exterior, Finished In Contemporary Decor, Attached Only By The Garage. The Elegant Double Door Entrance Leads To The Main Floor Comprised Of A Gourmet Eat-In Kitchen With Centre Island, Granite Counters, Top Of The Line Stainless Appliances, Overlooking The Spacious Great Room With Hardwood Floors, Gas Fireplace With Stone Mantle, And Walk Out To The Rear Deck. Entertain Dinner Guests In The Formal Dining Room, Or Use As A Home Office As The Current Home Owners Do. Head Up The Curved Hardwood Staircase To The Large Master Bedroom With His & Hers Walk-In Closet With Built-In Organizers & 5-Piece Ensuite With Double Sinks, Soaker Tub & Glass Shower. Two More Bedrooms On The Uppers Level, With Front Bedroom Having A Walk-In Closet & Ensuite Privileges To The Main 5-Piece Bathroom, The Laundry Room Completes This Floor. The Professionally Finished Lower Level You'll Find A Generous Recreation Room, Additional Bedroom With Walk-In Closet, (Or Gym, Being Its Current Use), A 3-Piece Bathroom, Cold Room And An Abundance Of Storage. The Double Garage Is Fitted With Organizers And Sport Cork Flooring. Additional Features Of The Home Are The California Shutters Throughout, Surround Sound Speakers In Basement & Rainsoft Water Filtration System. Perfectly Located Close To Schools, Highways, Shopping, Trails & Oakville Hospital. (Id:23934)
CALL1.877.896.6727
Property Price
$1,174,995
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$234,999
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$19,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$256,474
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$252,474
Monthly Payment
$4,067

Mortgages In Oakville

An active lifestyle is easily achieved when home buyers set their sights on Oakville! Countless parks, golf clubs & courses, recreational outlets & trails makes living in this city exciting and explorable! The real estate in this city is just as exciting, from executive townhomes, to chic condominiums, to loft-like conversions, to family-sized 2 & 3 level homes and luxurious stately houses, home buyers can hit two birds with one stone... quality and budget-friendly! Oakville is like permanently living in a getaway vacation spot for its affluent amenities, boating opportunities, beach downtime, and large parks. In order to check where your affordability point is, just simply use an Oakville mortgage calculator. A mortgage calculator can quickly let you know if a certain home is within your price range by simply entering the price of the home, the expected interest rate, and the length of time you wish to extend the loan (amortization period). If the bottom line is 'doable', then it's time to continue forward to familiarize yourself with the varying kinds of mortgage products and types of lenders. Having this in-depth information from the mortgage calculator has value to the outcome of your commitment with a mortgage loan, so sit back and take in the information of what may be in your best interest.
There is a mortgage loan product out there for Oakville reality that may suit you and your finances perfectly, but which one would work the best (from your answers with a mortgage calculator)? Some home buyers prefer a fixed rate mortgage that is an open mortgage, which means the interest rate is fixed or locked in for a term/amortization period with the option to pay the loan off early without a penalty. If the fixed rate mortgage is a closed mortgage, then the set terms of agreement cannot be changed for the life of the mortgage loan. Then, there are home buyers who prefer a variable rate mortgage, where the interest rate is dictated by the market and is not locked in (it will go up or down during the amortization period). A variable or adjustable mortgage can also be an open mortgage or a closed mortgage. As far as the down payment is concerned, lenders like to see up to 20% or more of the property value be put down (a sizeable down payment is a low ratio mortgage). If there is only a small down payment or no down payment, this is a high ratio mortgage. There are other mortgage product types like an interest-only mortgage and mortgage loans that deal with equity.
The lenders that you may encounter if you are looking at all options will vary just like the real estate in Oakville. Banks are a bit tough when it comes to qualifying for a mortgage loan; yes, they offer the lowest interest rate, but they can afford to do that because they source their money directly from the government. Mortgage brokers can source their money for lending from private, accredited sources and have less restrictions on their qualifying parameters, but they do charge higher interest rates. Third party lenders that claim to work on behalf of any level of borrower (especially borrowers that have a lower credit rating, no down payment etc.) charge an even higher interest rate, which can put borrowers at risk of constantly battling interest rate payments each month and not the principle of the mortgage loan. The better your financial standing and the larger the down payment is, the more options will open up when it comes to the kind of lenders you can work with. Pre-qualifying for a mortgage loan is a big plus to home buyers because it gives them peace of mind as to your affordability zone, and it stands out to sellers that have multiple offers in front of them.