Severn Mortgage Calculator
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
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CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$19,000
$13,950
$11,900
$0.00
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Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
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Mortgage type specifies whether the interest
rate is variable or fixed
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.69 %
4.79 %
4.84 %
4.89 %
4.99 %
4.99 %
5.04 %
5.04 %
5.04 %
5.14 %
5.29 %
5.74 %
5.74 %
6.49 %
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
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 Severn are eligible for a Land Transfer Tax rebate of up to $4,000
Severn Mortgage Calculator Examples
This Delightful Retreat Nestled On A Sprawling 17-Acre Property. Built In 2019 It Blends Rustic Elegance With Modern Comforts. The Exterior Showcases Classic Siding And A Welcoming Front Porch. Inside, You'll Find Yourself In A Spacious And Light-Filled Living Area. The Open Floor Plan Seamlessly Connects The Living Room, Dining Area, And Kitchen, Creating An Ideal Space For Entertaining. Large Windows Throughout Provide Ample Natural Light. The Kitchen Boasts Modern Appliances, Sleek Countertops, Ample Cabinet Space And A Kitchen Island. There Are 3 Comfortable Bedrooms, Each Designed To Provide A Cozy Retreat. The Primary Bedroom Is An Oasis, Complete With An Ensuite Bathroom Featuring A Luxurious Separate Shower And Elegant Fixtures. The Additional 2 Bedrooms Share A Well-Appointed Bathroom, Ensuring Convenience For Family Members And Guests Alike. Above The Double Car Garage Is A Large Family Room And Separate Office Allowing You To Work From Home. 2 Bunkies Allow Endless Options.**** Extras **** With Its Blend Of Modern Amenities, Rustic Charm, And Expansive Acreage, This Property Offers A Rare Opportunity To Escape The Hustle And Bustle Of Everyday Life And Immerse Yourself In The Tranquility Of Country Living. (Id:23934)
CALL1.877.896.6727
Property Price
$999,900
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,990
Mortgage Insurance ($)
$36,996
Mortgage Required ($)
$961,906
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,473
Mortgage Insurance PST
$2,960
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,923
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,923
Monthly Payment
$5,426
This Spectacular Estate Home Is In One Of The Most Sought-After Neighbourhoods In Severn - Close To Lake Couchiching And Walking Trails. The Main Level Consists Of A Large Open Concept Kitchen Area With New Fridge, Stove And Kitchen Island With Quartz Counter Top. Large Living Room With Gas Fireplace, Patio Doors To Deck Area, Separate Dining Area And 2 Piece Powder. Upstairs You'll Find A Lavish Primary Suite With A Spa-Like Ensuite With Heated Floors, Two More Bedrooms, Main Bathroom And Large Games Room Above The Garage. Finished Lower Level With Additional Living Space With Recreation Room, 3 Piece Bath And Laundry 2 Car Attached Garage With Inside Entry. The Outdoor Living Areas Are Equally Outstanding, With A Wrap Around Porch, Private Back Yard And Deck. This Estate Property Offers The Privacy, Comfort, Convenience All Within Minutes To Downtown Orillia And Easy Highway Access. To View Recent Upgrades / Improvements Go To The Document Section Of The Listing. Call The Listing Agent For An Appointment Today. (Id:23934)
CALL1.877.896.6727
Property Price
$1,174,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$234,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$939,920
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$19,973
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$256,453
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$252,453
Monthly Payment
$5,302
Interested In A New Build Home, But Don't Have Years To Wait For It To Be Completed? Welcome To 3701 Quayside Drive In Paradise By The Lake. This Brand New, Sold Out, Phase 1 Build By Bosseini Living Is Scheduled To Be Completed May 9Th And Can Be Assigned To A New Buyer. With Construction Almost Completed Just Steps From Lake Couchiching, You Can See The Quality Of This Build. This Home Is Complete With Selected High End Finishes, 10Ft High Ceilings With 8Ft Doors On The Main Floor And Grand Double Wide Front Entry Doors. A 4 Bedroom, 3.1 / 2 Bath Layout (With 5Th Basement Bathroom Rough-In) Provides Ample Room For Your Family. Over $125K Of Paid Upgrades In This Home Will Truly Showcase The Value And Beauty Of This Build. The Custom Kitchen Features Double Wall Ovens, Cooktop & Large Island With Quartz Countertops. Just Steps From Lake Couchiching And Easy Access To Highway 11, The Location Of This Property Is Perfect. Don't Let This Opportunity Pass You By! (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 (%)
4.69%
Mortgage Type
5 Years Fixed
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
$6,539
Incredible 1.74 Acre Property With A 48 X 40 Ft Workshop & Amazing Potential To Run A Work-From-Home Business! Rare Property Located Off Hwy 400 With Several Outbuildings, 2 Driveways With Ample Parking, & A Shop That Runs An Agriculture & Heavy Equipment Repair Business. 1,920 Square Feet Shop With 16 X 18 Ft Door, 19 Ft Ceilings, 200 Amp Electrical With Spitter Panel, A 12'' Concrete Pad, In-Floor Heat From The Outdoor Wood Boiler, & Propane Infrared Tube Heater Back Up. Lot Includes A Greenhouse, And Wood Shed. The Bungalow, & Most Of The Outbuildings Feature A Steel Roof. Home With Updated Windows, Updated Wiring & Plumbing, & Insulated 2-Car Garage With Heat & New Doors. Backyard With Large Deck. Bright Main Floor With Walls Removed. Family Room With Fp & Updated Kitchen With Eat-In Area. Primary Bed With Large 4-Piece Ensuite. 1 Bed & 2-Piece Bath Complete The Level. Lower Level With In-Law Capability As There Is Shared Entry In The Laundry Room, 2 Beds, 4-Piece Bathroom, A Kitchenette, & Recreation Room. (Id:23934)
CALL1.877.896.6727
Property Price
$999,000
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,900
Mortgage Insurance ($)
$36,964
Mortgage Required ($)
$961,064
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,455
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,812
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,812
Monthly Payment
$5,421
The Best Million Dollar Views On Maclean Lake On The Trent Severn! A Fully Renovated, Year-Round Waterfront Bungalow With Walk Out. Privacy, Yet So Close To All Amenities. Meticulously And Completely Renovated From Top To Bottom Finished December 2022. Every Room Features Large Windows Allowing Natural Light To Fill The Entire Home Plus Pot Lights / Led Lights Throughout. The Main Living Area Offers Open Concept Living Space, With A Kitchen Open Yet Tucked Away, Perfect For Family Gatherings. This Home Features 2 Beds Up, And 2 Beds Down In The Fully Finished Basement With 2 Walkouts, A Bar / Kitchenette And A Separate Mudroom. Great Opportunity For In-Law Potential. A Gorgeous Duradeck Top And Bottom Overlooking The Water. Property Boasts A Detached 20X20 Garage And 20X10 Workshop , Plus A 20X12 Bunkie For An Extra Spot For Family And Friends To Stay Over; Walk Down To Your Owned Waterfront Where You Can Sit And Enjoy Swimming From The End Of Your Dock, Boating, Jet-Skiing Into Georgian Bay And Gloucester Pool And Your Own Rare Wet 1 Slip Boathouse. Enjoy The Most Beautiful View Of The Lake And The Best Sunrises And Sunsets Anywhere From This Home And The Property. In The Winter, The Snow Mobile Trails Are At Your Door, Ideal For All Sports Enthusiasts. Upgrades Include: Generac Generator, 85% Spray Foam, New Ductwork, Furnace, All New Kitchen Appliances, Uv Filter With Micron Filters, Dock 20K, New Roof, New Siding, New Windows, Deck Is Duradeck, Air Conditioning 2021, Flooring, Paint, Kitchen, Fixtures, Fireplace Is Certified With1 Wood Insert And 1 Electric. Work From Home Is Made Easy Here With Your High-Speed Internet, Conveniently On A School Bus Route And Garbage Collection, Plus A Boat Launch 3 Doors Over. Travel Anywhere By Water From Your Dock! This Is The Perfect Forever Home Or 4 Season Cottage To Enjoy For Years To Come. (Id:23934)
CALL1.877.896.6727
Property Price
$1,195,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$239,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$956,000
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$20,375
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$260,875
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$256,875
Monthly Payment
$5,393