Oshawa 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 Oshawa 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

Oshawa Mortgage Calculator Examples

Are You Rich In Elbow Grease And Just Looking For A Place To Put It... Well Here You Go! This 2 Storey Semi-Detached Has So Much Potential**** Extras **** Inclusions: Fridge, Stove, Washer, Dryer, Deep Freeze All Appliances Are Sold In As Is Condition (Id:23934)
CALL1.877.896.6727
Property Price
$475,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$23,750
Mortgage Insurance ($)
$18,050
Mortgage Required ($)
$469,300
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$5,975
Mortgage Insurance PST
$1,444
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$32,669
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$28,669
Monthly Payment
$1,832
This Stunning Custom Home Is Unlike Anything You've Ever Seen! Located On A Quiet Court In An Amazing Neighbourhood Close To All Oshawa Amenities. Hardwood Throughout, Upgraded Kitchen With Built-In Appliances & Centre Island, 2 Furnaces & 2 Central Air Conditioning, Massive Walkout Basement With Skylights Overlooking The Indoor Hot Tub, Sauna, And Wet Bar. Huge Master Suite With Upgraded 5Pc Ensuite Bathroom. Private Backyard Backing Onto Forest. This Home Is Truly Unique!**** Extras **** See Attached List Of Features, Upgrades, & Inclusions. 2 Furnaces & 2 Central Air Conditioning Approx 5 Years Old. Windows 2021. (Id:23934)
CALL1.877.896.6727
Property Price
$1,449,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$289,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,159,200
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$25,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$316,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$312,755
Monthly Payment
$4,526
Legal 2 Unit Dwelling In O'neil Neighborhood. Unit 1: 3 Beds / 1 Bath, Kitchen, Dining, Family Room, 4 Piece Bath, Laundry, 100Amp Panel, Front Door Entry. Unit 2(Added 2020: 2 Bed(Main Floor), Eat-In Kitchen, Family Room, Laundry Room, Furnace Room, 3 Piece Bath, Walk-Out To Backyard, 100 Amp Panel. Side Door Entry. Huge Driveway, Quiet Crescent. 2020 Renos: Front Door, Front Windows, Paint, Trim, Hardware, Flooring, All New Basement Apartment Kitchen, Floors, Bath, Paint, Doors,**** Extras **** Trim, Light Fixtures. Includes 2 Fridges, 2 Stoves, 1 Dishwasher, 2 Washers, 2 Dryers. Beautifully Fenced Yard And Nice Sized Deck. Near Schools, Shopping, Medical Services, Public Transport And Park. Great For Investor Or 2 Families!! (Id:23934)
CALL1.877.896.6727
Property Price
$775,000
Minimum Down Payment (%)
6.77%
Minimum Down Payment ($)
$52,500
Mortgage Insurance ($)
$28,900
Mortgage Required ($)
$751,400
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$11,975
Mortgage Insurance PST
$2,312
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$68,287
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$64,287
Monthly Payment
$2,934
Location, Location ... Ln The Sought After ""The Glens"" Neighbourhood On A Corner Lot With No Sidewalk To Shovel! This 4 Level Sidesplit Has Been Beautifully Maintained By The Original Owner With Updates Like The Large Sunroom Addition For More 3 Season Living. The Private Backyard Has A Gazebo For More Outdoor Enjoyment. Inside Note The Quality Wall Mouldings & Crown Moulding Plus The Beautifully Refinished Hardwood Flooring.This Originally 3 Bedroom Home Has**** Extras **** Been Remodelled As A 2 Bedroom With Removal Of The Wall B / With Bdrm2&3 But Hallway Doors & Closets Remain For Possible Transition Back To 3 Bedroom. Family Room With Bi Shelving, A Great Tv Room Or A Perfect Home Office. More Space In Finished Basement For Family Fun (Id:23934)
CALL1.877.896.6727
Property Price
$869,000
Minimum Down Payment (%)
7.12%
Minimum Down Payment ($)
$61,900
Mortgage Insurance ($)
$32,284
Mortgage Required ($)
$839,384
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$13,855
Mortgage Insurance PST
$2,583
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$79,838
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$75,838
Monthly Payment
$3,277
Displaying Incredible Curb Appeal This Picturesque 132' X 165' Countryside Lot Is Beautifully Manicured With Mature Trees, A 60' X 20' Workshop, Separate Driveway With Single Car Garage Plus A 9' X 11' Drive Shed With Hydro. Excellent Location Just Minutes To Hwy 407 & Centrally Located To Both Port Perry & Oshawa This 1 1 / 2 Story 2 Bedroom Home Features A Family Sized Eat-In Kitchen, Sunken Living Room With Gas Fireplace, A Separate Dining Room & Main Floor Laundry.**** Extras **** Envision The Possibilities In Renovating Or Building Your Dream Home. Updates: Steel Roof~Home (2009), Gas Furnace (2011), Most Windows, Drilled Well (70'S). Estate Sale, Property Being Sold ""As Is, Where Is"". (Id:23934)
CALL1.877.896.6727
Property Price
$949,000
Minimum Down Payment (%)
7.37%
Minimum Down Payment ($)
$69,900
Mortgage Insurance ($)
$35,164
Mortgage Required ($)
$914,264
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$15,455
Mortgage Insurance PST
$2,813
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$89,668
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$85,668
Monthly Payment
$3,570

Mortgages In Oshawa

Whether you are interested in a city-urban lifestyle or a rural outdoorsy lifestyle, Oshawa has you covered! With a nice balance of 'city-convenient' neighbourhoods and 'rural neighbourly' neighbourhoods, this city is located only 1 hour from downtown Toronto! The real estate market in this city provides great rural & urban residential options, so why not peek at the MLS to see why this city would make a great new home for you! You can use the Oshawa mortgage calculator to gain a perspective on realty that matches your anticipated budget. Fun and easy-to-use multiple times, you can use a mortgage calculator to simply ascertain what a monthly payment would work out to be on specific homes that catches your eye. Part of the norm of today's financing options, mortgage loans have been expanded and designed to work with various financials of borrowers. There are even mortgage loan products that will split the mortgage into two different mortgages with different terms to help you achieve your home ownership goals (like a hybrid mortgage). The type of mortgage loan that you can qualify for will depend on your finances and the lender who you decide to work with, whether it be your regular bank or another entity.
Living in Oshawa and working in Toronto or the surrounding city is a fantastic (and affordable) way to save money, which should also be your goal when picking a mortgage loan product. Big factors to take into consideration when reviewing all the various kinds of mortgage loan products is how you want to stagger your payment frequency each month? How many years do you want to take the mortgage loan out for? What interest rate percentage are you shooting for? How confident do you feel about where you stand financially when it comes time to qualify for a mortgage loan? These are just a few questions that you should consider the answers to (using a mortgage calculator will also put how a mortgage loan works into perspective). There is a basic way to look at mortgage loan products that you will become familiar with, and some of these products include a variable rate mortgage (the prime rate dictates YOUR mortgage loan interest rate), an adjustable rate mortgage (reviewed and adjusted throughout the life of the loan), and a fixed rate mortgage (interest rate is fixed and will not change for a set term). You can opt to have a closed mortgage (cannot change the terms, the interest rate or pay off early) or an open mortgage (flexible early payoff option).
Your options for a mortgage loan will open up even more if you have a 20% or more down payment (a conventional mortgage). If the down payment you have is less then 20%, then you may be considered for a high ratio mortgage, which in turn will require you to get mortgage default insurance as an assurance to the lender. Being prepared on your own before consulting with a lender to buy a home in Oshawa will give you a positive leg up. Besides a basic mortgage calculator, you can use other advanced tools to help you along the way like a mortgage pre-qualifier, interest rate comparison, mortgage pre-payment calculator, mortgage preapproval calculator, and more. Buying a home is a big step, and becoming committed (for years) to a mortgage loan commitment can feel like a bit much in the beginning, but you are simultaneously creating an investment opportunity for yourself that will, year after year, grow valuable equity. Equity in your home can later be used as a means of securing another loan which can be used for any purpose, for it does not have to go back into the home. If you find yourself wanting to purchase another home down the road, you will then learn about how a home equity line of credit works (HELOC).