Penetanguishene 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 Penetanguishene 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

Penetanguishene Mortgage Calculator Examples

Brand New - Never Lived In - Direct With The Builder. All Brick 2-Storey 2410 Square.Ft. Backing Onto School Field, Court Setting, On A 50 X 115 Ft Lot. Modern Kitchen, With Backspalsh, Stainless Steel Chimney, Stone Countertops, Undermount Sink, Breakfast Bar, Flat Ceilings, 2 Car Garage, Minutes From Picturesque Penetang Harbour, Eateries, Schools, Shops, And So Much More! Priced To Sell Fast! (Id:23934)
CALL1.877.896.6727
Property Price
$799,990
Minimum Down Payment (%)
6.87%
Minimum Down Payment ($)
$54,999
Mortgage Insurance ($)
$29,800
Mortgage Required ($)
$774,791
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$12,475
Mortgage Insurance PST
$2,384
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,358
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,358
Monthly Payment
$4,436
*Open House - Sat May 25 From 12Pm-2Pm* You Will Love This Charming Brick Bungalow Located In The Heart Of Penetanguishene! Boasting 2+1 Bedrooms And 3 Bathrooms, This Home Offers A Blend Of Comfort And Convenience. There Have Been Many Improvements Throughout The House Including Stylish Upgrades On The Main Level With Professionally Painted Kitchen Cupboards And Hardware, Hardwood Floors, New Windows And Patio Doors In 2022, New Roof In 2020, Main Floor Laundry, Custom Blinds, Nest Thermostat, Eufy Security Cameras And Driveway Upgrade. The Walkout Basement Has Been Enhanced To Accommodate An In- Law Suite Or Additional Living Space With A Second Kitchen, Laundry And Plenty Of Extra Closet Space. Additional Features Include The Wired-In Generator, Gas Barbeque Hookup And A Freshly Sodded Front Yard To Add To The Home's Curb Appeal. Don't Miss Out On The Opportunity To Make This Your Forever Home! Inclusions- Washer X2, Dryer X2, Fridge X2, Stove X2, Dishwasher X2, Generator (Portable ) (Id:23934)
CALL1.877.896.6727
Property Price
$899,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,900
Mortgage Insurance ($)
$33,364
Mortgage Required ($)
$867,464
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,455
Mortgage Insurance PST
$2,669
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,524
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,524
Monthly Payment
$4,966
You Will Love This Charming Brick Bungalow Located In The Heart Of Penetanguishene! Boasting 2+1 Bedrooms And 3 Bathrooms, This Home Offers A Blend Of Comfort And Convenience. There Have Been Many Improvements Throughout The House Including Stylish Upgrades On The Main Level With Professionally Painted Kitchen Cupboards And Hardware, Hardwood Floors, New Windows And Patio Doors In 2022, New Roof In 2020, Main Floor Laundry, Custom Blinds, Nest Thermostat, Eufy Security Cameras And Driveway Upgrade. The Walkout Basement Has Been Enhanced To Accommodate An In- Law Suite Or Additional Living Space With A Second Kitchen, Laundry And Plenty Of Extra Closet Space. Additional Features Include The Wired-In Generator, Gas Barbeque Hookup And A Freshly Sodded Front Yard To Add To The Home's Curb Appeal. Don't Miss Out On The Opportunity To Make This Your Forever Home! Inclusions- Washer X2, Dryer X2, Fridge X2, Stove X2, Dishwasher X2, Generator (Portable ) (Id:23934)
CALL1.877.896.6727
Property Price
$899,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,900
Mortgage Insurance ($)
$33,364
Mortgage Required ($)
$867,464
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,455
Mortgage Insurance PST
$2,669
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,524
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,524
Monthly Payment
$4,966
Freshly Completed! Thinking Of Building That Custom Dream Home For Your Family? Save The Time And Headaches Because Its Been Completed For You! This 2,400 Square Feet Custom Home Is One Of The Most Well Laid Out Family Homes Available On The Market Today. With 4 Bedrooms And 3 Bathrooms, This House Features Exquisite Touches Throughout That Appeals To The Modern Day Family Lifestyle. Enjoy Entertaining In Your Open Concept Kitchen Featuring Waterfall Counter Tops With Luxury Appliances, A Spacious Covered Outdoor Space Ready For Your Personal Touches And A Large Primary Suite With Special Details Throughout. Located In A Tranquil Area Just Outside Of Town, This House Boasts The Must Have's In A New Build With Deeded Water Accesses To Georgian Bay A Short Walk Away. Don't Miss Your Opportunity To Own Your Dream. (Id:23934)
CALL1.877.896.6727
Property Price
$1,349,999
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$270,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,079,999
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$23,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$294,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$290,975
Monthly Payment
$6,183
Freshly Completed! Thinking Of Building That Custom Dream Home For Your Family? Save The Time And Headaches Because Its Been Completed For You! This 2,400 Square Feet Custom Home Is One Of The Most Well Laid Out Family Homes Available On The Market Today. With 4 Bedrooms And 3 Bathrooms, This House Features Exquisite Touches Throughout That Appeals To The Modern Day Family Lifestyle. Enjoy Entertaining In Your Open Concept Kitchen Featuring Waterfall Counter Tops With Luxury Appliances, A Spacious Covered Outdoor Space Ready For Your Personal Touches And A Large Primary Suite With Special Details Throughout. Located In A Tranquil Area Just Outside Of Town, This House Boasts The Must Have's In A New Build With Deeded Water Accesses To Georgian Bay A Short Walk Away. Don't Miss Your Opportunity To Own Your Dream. (Id:23934)
CALL1.877.896.6727
Property Price
$1,349,999
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$270,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,079,999
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$23,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$294,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$290,975
Monthly Payment
$6,183