Orillia Mortgage Calculator

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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 Orillia 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

Orillia Mortgage Calculator Examples

Desirable 55+ Community In Orillia Is Offering Unit #419. This 2 Bed, 2 Bath, Low Maintenance Bungalow Townhouse Shows Pride In Ownership Throughout! Condo Fee Is Quite Reasonable At $490.85 Per Month And Includes All The Exterior Maintenance, Clubhouse, Cable Tv (Rogers) And Visitor Parking, Property Taxes Are $3768 (2021). The Location Is Superb! Steps To Trails, Lake Couchiching, Downtown Shopping And Restaurants. This Is A Retirees Paradise! All Appliances Are Included. Full Unfinished Basement For Additional Space. Single Car Garage With Inside Entry. Book A Showing At Your Convenience. Buyer Bonus: Get Your Home Inspection Money Back Upon Successful Sale And Close!! (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 (%)
4.59%
Mortgage Type
5 Years Fixed
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
$3,276
Excellent Two-Bedroom Condo With Beautiful Views Of Lake Couchiching! Fantastic Condo Unit With Lakeside Views Located In Orillia! Situated In A Nature-Filled Neighbourhood With Access To Parks, Beaches, Trails, Shops, The Port Of Orillia, & Downtown! Also Close To Hwy 11 & 12! This Building Includes A Concierge, Guest Suites, An Indoor Pool, A Games Room, Exercise Room, & Sauna. Unit Comes With 1 Underground Parking Space & A Storage Locker! Spacious Interior With Custom Window Blinds & 2 Covered Balconies With Views Of Lake Couchiching & Green Space! Well-Equipped Kitchen With Stainless Steel Appliances & Adjacent Dining Area. Bright Living Room With Walk-Out To 1 Of The Balconies! Primary Bed With Lakeside Views, A Walk-Out To 1 Of The Balconies, A Walk-In Closet, & A 4-Piece Ensuite! The Additional Bed With Walk-Out To The Other Balcony. Completing This Unit Is An Additional 4-Piece Bath & In-Suite Laundry. Visit Our Site For More Info!**** Extras **** Inclusions: Built-In Microwave, Dryer, Fridge, Stove, Washer, Window Coverings. Exclusions: All Shelving In Closets & Pantries, Wall Mounted Tv And Purple Curtains In Primary Bedroom, Towel Rack Behind The Door In Guest Bath & Tenant's Belongings (Id:23934)
CALL1.877.896.6727
Property Price
$699,999
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$45,000
Mortgage Insurance ($)
$26,200
Mortgage Required ($)
$681,199
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,475
Mortgage Insurance PST
$2,096
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,071
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,071
Monthly Payment
$3,804
** Watch Listing Video ** Welcome To 324 Brewery Lane, Situated On A 180Ft X 130Ft Corner Lot Offering Tons Of Sun Exposure And Walking Distance To Downtown Orillia And Public Water Access Up The Street. Key Selling Features About This Home: 1. Three-Level Side Split 2. Walking Distance To Downtown Orillia Is 1.4Km 3. Public Water / Beach Acess 300 Meters Away 4. Walking Distance To The Charming Leacock Museum 450 Meters Away 5. Beautiful Mature Trees 6. Two Bedrooms Upstairs With Walkout Balconies. 7. Finished Basement With Large Egress Windows. (Id:23934)
CALL1.877.896.6727
Property Price
$648,000
Minimum Down Payment (%)
6.14%
Minimum Down Payment ($)
$39,800
Mortgage Insurance ($)
$24,328
Mortgage Required ($)
$632,528
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,435
Mortgage Insurance PST
$1,946
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,681
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,681
Monthly Payment
$3,533
Barrie Condo Corner Presents – Rare 2 Bedroom Common Element Condo Townhouse In Orillia’S North Lake Village. This Property Is Absolutely Stunning And Has A Very Private And Quiet Setting. This Modern Home Features A Top Of The Line Chef's Kitchen, Crystal Lighting, Wainscoting In The Hallway, Large Windows And Low Maintenance, Landscaped Gardens. The Open Concept Kitchen Has It All; Stainless Steel Appliances, White Cabinetry, Tiled Backsplash, Quartz Countertops, Breakfast Bar And Gorgeous Pendant Lighting. Walk-Out From The Living Room To Your Very Own Fenced In Patio With Manicured Gardens, Interlocking Stone And Storage Shed. Enjoy Bbqs And Relax In This Private Space With No Backyard Neighbours. Other Great Attributes To This Property Are; Hardwood Flooring, 9-Foot Ceilings Throughout, Main Floor Laundry Room, Large Pantry And Direct Access To The Garage From Inside. The Extra Large Master Bedroom Has A Walk-In Closet And En-Suite Bathroom With Quartz Counters, Modern Lighting And A Walk-In Shower With A Seat. Enjoy The Convenience Of The Double Car Driveway With An Additional Single Car Attached Garage As Well As The Large Covered Porch With Pot Lighting. Put Your Own Personal Touch On The Unfinished Basement. Expand Your Living Space Into An Additional 1200 Square Feet With A Rough-In Bathroom. Great Friendly Neighbours And Community. Amazing Location, Close To Orillia's Amenities, Walking Trails And So Much More. (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 (%)
4.59%
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
$4,065
If You're Looking For The Perfect Starter Home Or Looking To Downsize, This Charming All-Brick Bungalow Is The One! This Unique Home Features Vaulted Ceilings Throughout The Main Level Making The Home Bright And Spacious. The Kitchen Is A Generous Size With Ample Storage, Counter Space And A Breakfast Bar. The Main Floor Includes Two Walkouts From The Kitchen / Dining Area Leading To A Covered Sun Porch On The Side Yard. The Full, Finished Basement Features An Additional Recreation-Room, Bedroom And 3 Piece Bath Providing In-Law Capabilities. Complete With An Enclosed Car-Port With Front And Rear Garage Doors Giving You Access To The Fenced Back Yard. Conveniently Located Close To Schools, Shopping, Tudhope Park, And Highway 12 In The South Ward Of Orillia. (Id:23934)
CALL1.877.896.6727
Property Price
$619,000
Minimum Down Payment (%)
5.96%
Minimum Down Payment ($)
$36,900
Mortgage Insurance ($)
$23,284
Mortgage Required ($)
$605,384
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,855
Mortgage Insurance PST
$1,863
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$49,118
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$45,118
Monthly Payment
$3,381

Mortgages In Orillia

Ask any Orillian why they love their city of Orillia and home buyers will quickly discover why locals call it the 'Sunshine City'. The friendliness here exudes a warmth & welcome that many residents have fallen in love with (hard to believe this cozy city is only 1 � hours from the Greater Toronto Area!). Continuous growth in economy makes this city an excellent place for home buyers to settle down, raise a family, and plant some roots. The MLS listings tend to be an attractive mixture of condos, loft conversions, single family & multi-family homes, executive townhomes & bungalows. Situated between Lake Simcoe & Lake Couchiching, this city offers the most beautiful & scenic backdrops. A mortgage calculator can help buyers figure out just how much 'home' they can afford and stay within their financial comfort zone. An Orillia mortgage calculator will swiftly work out the monthly bottom line for buyers upon entering the loan principal amount, start date of loan, the amount of years the loan will be carried for, the rate type & interest rate percentage anticipated. Home buyers that are armed with a down payment may be offered a conventional mortgage; if not, there are other mortgage products that are available.
Using a mortgage calculator to derive how much mortgage loan will be needed to buy a home in Orillia is a great starting point, so now it is time to figure out what 'type' of mortgage will make buying your home a reality. Knowing the difference between a variable rate mortgage, an adjustable rate mortgage, and a fixed rate mortgage is key information that you should know. These three mortgage products are the most common, but there is also a mortgage product that combines a fixed rate for part of your mortgage and then switches over to a variable rate mortgage (a hybrid mortgage). You may also have the option to have a closed mortgage (not renegotiable after terms & interest rate are set) or an open mortgage (providing flexibility without penalty to shorten terms, pay off the loan early, or place a lump sum on the loan). There are other mortgage products that your lender may offer to you, depending on your current financial situation and the property itself. Lenders have criteria that must be met in order to be approved for a mortgage loan, but each lender is different, so it is proactive to make sure you are prepared financially. Paying off debts, saving money, clearing up your credit rating, and being able to show job stability are the basic requirements for a mortgage loan application.