Ramara 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 Ramara 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

Ramara Mortgage Calculator Examples

Riverfront Living! Welcome Home To 7229 Davy Drive, A Cozy Bungalow Nestled On A Large Private Lot And Idyllically Positioned On The Black River. Enjoy Peaceful River Views From Your Private Dock While Admiring The Clean And Sandy Shoreline. Stepping Inside This 4-Season Home Or Cottage, Picturesque Water Views Will Suddenly Fill Your Field Of Vision. The Open Concept Layout Features Newer Vinyl Flooring, Crown Moulding, Large Windows, And A Neutral Paint Tone. Master Your Culinary Skills In The Well-Optimized Kitchen Boasting Newer Stainless Steel Appliances, And A Sunlit Eating Area. Curl Up With A Warm Blanket And Hot Chocolate On Those Cold Winter Nights In The Cozy Family Room Next To The Warmth Of The Wood Fireplace. A Master Bedroom And Two Additional Bedrooms Offer A Quiet Place For Rest Served By Two Bathrooms. The Sunroom Off Of The Kitchen Creates A Pleasant Ambiance With Its Sun-Filled Interior. Outside, Find A Large Back Deck That Overlooks Your Tranquil Riverfront Backyard With Plenty Of Room For Outdoor Dining And Relaxing. Newer Landscaping And Hardscaping Complement The Facade. A Newer Steel Roof Offers Added Peace Of Mind. Highway 11, Simcoe County Road 169, Schools, Parks, A Community Centre, And Amenities Are Just A Short Drive Away. A Riverfront Lifestyle Beckons At This Charming #Hometostay! Visit Our Site For More Info, Photos, And A 3D Tour. (Id:23934)
CALL1.877.896.6727
Property Price
$395,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,750
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,400
Mortgage Insurance PST
$1,201
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,851
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$22,851
Monthly Payment
$1,641
Welcome To 4223 Fountain Dining Room In The Sought After Area Of Ramara. A Home Like This Does Not Come Around Often At This Price Point. At Just Under 1000 Square Feet With A Huge 45X15 Shop, This Home Offers So Much For The First Time Home Buyer, Family Looking To Downsize Or To Run Your Home Business. Nestled On A Quiet, Family Friendly Street That Backs On To Nothing But Open Fields. Don't Miss Your Opportunity To Secure A Fantastic Home In A Great Neighbourhood. (Id:23934)
CALL1.877.896.6727
Property Price
$399,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,995
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,474
Mortgage Insurance PST
$1,216
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,184
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,184
Monthly Payment
$1,662
Raised Bungalow On Large Fully Fenced Lot, Lots Of Room To Park The Cars And The Boat. Heated Garage With Ventalation, Inside Entry To Lower Level. Easy To Turn The Lower Level Into An In Law Suite. Country Size Kitchen With Loads Of Cupboard Space, Eat In Are, Walk Out To Side Yard Deck. Lots Of Work Done On This Property Over The Last Years Shingles(2017 Soffit And Facia(2017) Windows(2015 Furnace (2012) R70 Blown In Insulation Back Up Generator (2015)**** Extras **** Garage Heater (2012) Uv Filtration System Wett Certified Wood Stove Fridge, Stove, Washer Dryer, Dishwasher, Central Vac, Generator, Uv Filtration System (Id:23934)
CALL1.877.896.6727
Property Price
$489,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,450
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,255
Mortgage Insurance PST
$1,487
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$33,692
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$29,692
Monthly Payment
$2,032
Waterfront 4 Bed Home With Over 250Ft. Of Private Boat Mooring With Access To Lake Simcoe & Beyond. Home Offers Bright Open Concept With Large Sunroom Overlooking The Water. Enjoy Detached Garage With Paved Driveway. Property Has Mature Trees & Landscaping. Lagoon City Is A Great Place To Call Home. Offering Municipal Services, Tennis, Indoor Pool, Marina, Restaurants, Walking Trails & Private Sandy Beach Close To Great Entertainment At Casino Rama.**** Extras **** Home Offers A Gas Fireplace, Ac, Fridge, Stove, Dishwasher, Microwave, Dryer, Washer, Woodstove, Wet Bar And Covered Waterfront Patio & Steel Roof. Great Sunset View From Sunroom. Now Is Your Chance To Be Apart Of A Waterfront Community. (Id:23934)
CALL1.877.896.6727
Property Price
$559,000
Minimum Down Payment (%)
5.53%
Minimum Down Payment ($)
$30,900
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,655
Mortgage Insurance PST
$1,690
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$41,745
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$37,745
Monthly Payment
$2,310
This 7 Bedroom Waterfront Home Is The Perfect Escape From Your Everyday Hustle. Well Manicured Property With 110' Waterfront Frontage Provides You With All The Luxuries. Open Concept With Wall To Wall Breathtaking Views Of Lake Simcoe. Cozy Great Room With Wood Burning Fireplace And Walk Out The A Large Deck. Master Bedroom With Ensuite And Double Door Entry Into The Sunroom To Enjoy Your Morning Coffee. Large Kitchen That Overlooks Great Room And Dining Area.**** Extras **** Finished Basement With 5 Additional Bedrms! Plenty Of Room For Extended Family & Grandkids! Detached 3 Car Garage With 100Amp Service Ready To Customize To Your Liking! Included:Fridge / Stove,Dishwasher,Built-In Microwave,Fridge(Laundry), Washer / Dryer (Id:23934)
CALL1.877.896.6727
Property Price
$1,675,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$335,000
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$29,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$366,475
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$362,475
Monthly Payment
$5,636

Mortgages In Ramara

Richly rural with lakeside charm, the town of Ramara is overflowing with a unique character and a more enjoyable way of life. Edging Lake Simcoe with beaches and sitting on one side of a massive natural wilderness area, this town is abundant in its 'balanced' offerings that suit many tastes! This community (which is not that far away from Toronto & Oshawa) is a fantastic place to not only buy a new home and become a full time resident, but also is new business-friendly. Many of the homes that could be seen on the MLS here are larger houses fit for families with children and smaller homes that would be perfect for first time home buyers, couples, and retirees. If you are a home buyer that is considering jumping into the mortgage market via a mortgage loan, then launching that with a Ramara mortgage calculator is a great way to start. Home buyers that are new to mortgages can do some private investigating about various mortgages and lenders before trying to secure either one. On the Internet buyers will find many useful tools at their fingertips that are mortgage related like a simplistic mortgage calculator and lots of mortgage basics information. When researching about the different kinds of lenders, you will notice that outside of banks & credit unions, there are other mortgage loan lending institutions like mortgage companies, private lenders, and trust companies, just to name a few.
A mortgage calculator can help buyers to understand how the interest rate, the length of mortgage loan, the start date, the rate or mortgage type, and the amount of the mortgage loan all come together to derive a monthly payment amount. A new home in Ramara may seem affordable, but you will know for sure once you go through the pre-qualifying or pre-approval process with the lender you pick. Through this process, you will learn about different mortgages and which ones you would qualify for. There are mortgages that are designed to work for borrowers that have previously or currently hold a mortgage. Then there are other mortgages that are more streamline (the top three most popular are a fixed rate mortgage, an adjustable rate mortgage, and a variable rate mortgage). Some lenders deal in hybrid mortgages that utilizes both the variable rate and the fixed rate to offer their clients the opportunity to experience both mortgage products. A convertible mortgage is flexible (it can be moved from a variable rate to a fixed rate or alter a term without a penalty), but will have the interest rate set to the lender rate. The list of mortgage types does not end here, so prepare as much as possible with information before negotiating with any lender.