Orillia 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 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

Move In Ready, Well Maintained, 3 Level Sidesplit Located On A Private Corner. Bright Eat In Kitchen; Easy Access To L-Shaped Dining / Living Room With Patio Door Leading To A 6'X10' Deck. 3 Generous Bedrooms. Finished Lower Level Includes 4 Piece Bathroom; Large Open Family Room With A Gas Fireplace. Fully Fenced In Yard Allowing You To Enjoy Your Patio In Privacy. Close To Tudhope Beach /Playground And Biking Trail. On City Bus Route, Easy Access To Hwy For Commuters. Close To Amenities (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
3 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
Top 5 Reasons You Will Love This Home: 1) Prime Opportunity Offering In-Law Potential In An Ideal Neighbourhood 2) Fully-Finished From Top-To-Bottom, Features. 2 Secluded Bed & A 4-Piece Bath On The Lower Level 3) Bright & Welcoming Foyer With Access To The Garage & Separate Access To The Backyard 4) Fully-Fenced Backyard Complete With A Deck & The Included. Storage Shed & Playset 5) Centrally Located Near Downtown, Amenities, Public Transit, Hwy 12 & Lake Simcoe.**** Extras **** Inclusions: Fridge, Stove, Dishwasher, All Light Fixtures, All Window Coverings And Blinds, Shed, Playset. (Id:23934)
CALL1.877.896.6727
Property Price
$449,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,450
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,455
Mortgage Insurance PST
$1,365
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,770
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$26,770
Monthly Payment
$1,876
Move In!!, Great Floor Plan With Versatility. This 3+1 Bedroom Home Offers You A Bright And Spacious Main Floor With Large Foyer, Large And Open Concept Livingroom To Nice Large Kitchen With Everyones' Favorite Meeting Place The Kitchen Island!! Walkout To Deck And Nice Backyard With Maturing Privacy Hedge. Upstairs Features Three Generous Size Bedrooms, Huge 4 Piece Main Bath. Lower Level Has Extra Bedroom And 4 Piece Bathroom. The Big Plus Is New N / Gas Furnace And On Demand Hot Water Heater 100% Owned! (No Rental Fee And Excellent Heat Source). Works Well For You And Your Growing Family Or Your Venture Into A Turnkey Income Property. Close To Lakehead University, Shopping Including Costco And Major Highway!!! (Id:23934)
CALL1.877.896.6727
Property Price
$369,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,495
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,024
Mortgage Insurance PST
$1,124
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$25,143
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$21,143
Monthly Payment
$1,546
Great Opportunity For First-Time Buyers, Investors Or Families. This 2 Storey Semi-Detached Home Offers 3 Bedrooms, 1 Bathroom, Separate Dining & Living Rooms, Partially Finished Basement, Side Entrance To The Spacious Backyard, Mostlyfenced Backyard With A Shed &Mature Trees. This Home Is Located Close To Everything You May Need Including Public Transit, Shopping, Highways, Lakehead University - Orillia Campus & Georgian College - Orillia Campus. Rental: Furn/ Air Condiotional - $169 / Month Water Heater - $16 / Month (Id:23934)
CALL1.877.896.6727
Property Price
$265,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$13,250
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,450
Mortgage Insurance PST
$806
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,006
First Time Home Buyer
Land Transfer Tax Credit
-$2,450
Cash Needed
$15,556
Monthly Payment
$1,107
Here It Is!!! The Opportunity To Purchase An Affordable Raised Bungalow And Pleasantly Spacious 2 Bedroom, 2 Bath, Open Floor Plan Which Could Be A Great Starter, Retirement Or Investment Property. This Well Maintained Home With Plenty Of Recent Upgrades Also Has A Large Lot, Storage Shed With Hydro Is Close To Parks, Schools And Amenities And Just Minutes From Highway 11 & 12. Recent Upgrades Include New Roof (2017), Windows (2017), New Storm Door And Back Patio Door (2017), New Tankless Water Tank With Gas Installed (2017), R60 Insulation In Attic (2017), Fridge & Microwave (2018), New Deck And Fence (2018), New Flooring (2019), Upgraded Panel And Wiring Through Out Home (2019). This Could Be All Yours As Early As Mid April!!! (Id:23934)
CALL1.877.896.6727
Property Price
$359,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,995
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,874
Mortgage Insurance PST
$1,094
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$24,463
First Time Home Buyer
Land Transfer Tax Credit
-$3,874
Cash Needed
$20,589
Monthly Payment
$1,504

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.