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

Lakeside Luxury Living Awaits You In This 3Br Home With Water View Nestled Along One Of Lake Simcoe's Most Desirable Streets. Open Concept Living Space Boasts Cathedral Ceilings, Modern Kitchen / Granite Countertops, Acacia Hardwood Floors, Sunroom / Office. High Speed Internet. Walk Across Road To Water Access. Home Is Located Just Outside City Limits Of Orillia. Close To Casino Rama, Marinas, Shopping, Restaurants, Trails.**** Extras **** Additional Detached Garage / Workshop Puts This Home Over The Top. Enjoy Watching Boats Pass By From Large Walk-Out Deck & Floor To Ceiling Living Room Windows. View Overlooks Professionally Landscaped Yard. *3650 Square Feet Both Levels. (Id:23934)
CALL1.877.896.6727
Property Price
$896,000
Minimum Down Payment (%)
7.21%
Minimum Down Payment ($)
$64,600
Mortgage Insurance ($)
$33,256
Mortgage Required ($)
$864,656
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$14,395
Mortgage Insurance PST
$2,660
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,155
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,155
Monthly Payment
$3,416
Lovely 4 Season Raised Bungalow Has Frontage On The Talbot River With Access To Lake Simcoe And The Trent Severn Waterway. 3 Bdrms, 2 Baths, Plus Open Plan Kitchen, Dining And Living Room, Tastefully Decorated, Plus Walkout From Kitchen To The Back Deck And Newer Dock. Amazing Riverfront Views In This Perfect Spot To Entertain And Enjoy Every Season On The Talbot River.**** Extras **** Features Main Floor Laundry Room And Master Suite With Ensuite Bath And Walk-In Closet. Take Advantage Of The Water Access For Boating, Kayaking, Fishing, Or Simply Relax After A Long Day. Not Far From Lock 41 Gamebridge And Close To Brechin. (Id:23934)
CALL1.877.896.6727
Property Price
$750,000
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$50,000
Mortgage Insurance ($)
$28,000
Mortgage Required ($)
$728,000
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$11,475
Mortgage Insurance PST
$2,240
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,215
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,215
Monthly Payment
$2,876
Stunning Large Family Home Located Across The Street From Lake Simcoe. Situated On A Large Mature Double Lot Surrounded By Mature Landscaping & Trees. Modern Kitchen Offers Breakfast Bar & Walkout To Sunny Patio. Big Living Room Offers Bright Open Concept With Lots Of Room For Large Dinners. Enjoy This Furnished 6 Bed / 2Bath With Newer Economical Propane Gas Furnace. Great Location With Lots Of Privacy, Garden Space & Extra Lot For Summer Fun.**** Extras **** Ready To Start Enjoying This Unique Lifestyle With Lots Of Room For Your Family & Enjoy Watching The Sunsets On Lake Simcoe From Your Covered Porch. 1 Owner In Approx. 40 Years With Pride Of Ownership. Just Bring Your Toothbrush. (Id:23934)
CALL1.877.896.6727
Property Price
$575,900
Minimum Down Payment (%)
5.66%
Minimum Down Payment ($)
$32,590
Mortgage Insurance ($)
$21,732
Mortgage Required ($)
$565,042
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$7,993
Mortgage Insurance PST
$1,739
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$43,822
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$39,822
Monthly Payment
$2,232
Elegant Rare Waterfront Bungalow Condo That Shows Like A Model Suite. Ready To Move Right In This 2Bed / 2Bath Unit All On One Floor. Enjoy Modern Kitchen With Granite Counter Top, Bright Open Concept With Stainless Steel Appliances, Gas Stove. Lagoon City Is A Vibrant Community With Many Amenities & Private Park & Sandy Beach On Lake Simcoe. Enjoy Private Park & Sandy Beach On Lake Simcoe. Enjoy Private Boat Mooring, Access To Lake Simcoe Offering Great Boating & Fishing.**** Extras **** Offering 8 Appliances, Economical Gas Fireplace, Dual Ac / Heat Pump & Tastefully Decorated, Large Walkout Waterfront Sundeck & Private Pergola Overlooking Beautiful Forrest. Enjoy Nearby Marina, Tennis, Community Center & Walking Trails. (Id:23934)
CALL1.877.896.6727
Property Price
$399,649
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,982
Mortgage Insurance ($)
$15,187
Mortgage Required ($)
$394,853
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$4,470
Mortgage Insurance PST
$1,215
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,167
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,167
Monthly Payment
$1,560
Spectacular Upgraded Luxury Suite With Private Boat Mooring. Walk-Out To Water View With Breathtaking S / With Exposure Of Lake Simcoe & Canal. Steps To Sandy Beach,Marinas,Clubhouse,Tennis,Pickleball,Walking Tr.,Fishing & More! 4 Seasons Paradise! Gourmet Style Kitchen With Premium Counter. Fully Reno.Bathr.With Heated Floor. Delux Laminated Floor. New Composite Front & Back (16'X15.5') Deck. No Bridges For Boat To Access Lake . Appr.300 Ft Supply Line For Propane Paid By Owner**** Extras **** Fridge,Stove,Built-In Hood,Built-In Dishwasher. New Murphy Bed (Excluded Mattress).Electrical Lighting Fixtures, Wnd.Coverings,Newer Triple Pane Windows.Propane Hook-Up & Log Patio Flame , Barbeque,Napoleon Propane Firepl. Remote Owning.Hot Water Tank Owned. 1 White Dock Boat,1 Grey Storage. (Id:23934)
CALL1.877.896.6727
Property Price
$649,900
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$39,990
Mortgage Insurance ($)
$24,396
Mortgage Required ($)
$634,306
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,473
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,915
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,915
Monthly Payment
$2,506

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.