St. Catharines 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 St. Catharines 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

St. Catharines Mortgage Calculator Examples

Custom 1,700 Square. Ft. Home Opens To A Gorgeous Main Floor, This Spacious Home Features 2+2 Bedrooms And 3 Bathrooms In Total. Stunning Landscaping. Great Location As Well. 7 Minutes Drive To Brock University And 4 Minutes Drive To Pen Center, Close To Many Amenities, Such As Schools, Restaurants, Banks, And Much More. Photo To Follow Up. (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 (%)
1.54%
Mortgage Type
5 Years Variable
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
$3,484
Location And Lot Size Meet With This Great Semi-Detached Home! Welcome To 52A Louth Street, Located In A Wonderful Area Of St Catharines. This Home Features Two Bedrooms, Two Bathrooms And A Massive Lot! With Over 280 Feet Deep Lot, Recently Updated Flooring Upstairs And Down, A Full In Law Suite And Parking For Four, This Home Offers Something For Everyone. This Home Is Currently Tenanted At $1850 Per Month. Come See What 52A Louth Street Has To Offer! (Id:23934)
CALL1.877.896.6727
Property Price
$399,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,995
Mortgage Insurance ($)
$15,196
Mortgage Required ($)
$395,101
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
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
$1,587
Character House 1910 Wood Trim And Hardwood, 3 Bedrooms Plus Attic, Hardwood Floors, Semi Finished Basement With Kitchenette, Quality Eat-In Kitchen, Upper And Lower Veranda, Back Decks, Parking For 6, Deep Lot To Golf Course, Double Garage, Tiny House Cabin, Fully Plumbed, Kitchen. Presently With Good Tenants And Tenant Gardener In Cabin**** Extras **** City Sewer Goes Through Property To The Back. New Ac With Heaters 2017. Pocket Doors Living Room / Den. Heated Floor Bathroom. Double Door Garage, Cement Base. =>More Info=>Click Below=>'More Information' Or 'Multimedia' On Mobile. (Id:23934)
CALL1.877.896.6727
Property Price
$630,000
Minimum Down Payment (%)
6.03%
Minimum Down Payment ($)
$38,000
Mortgage Insurance ($)
$23,680
Mortgage Required ($)
$615,680
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$9,075
Mortgage Insurance PST
$1,894
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$50,469
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$46,469
Monthly Payment
$2,472
Fantastic 2 Bedroom Condo In A Well Kept Building Located Just Off The Qew. Pride Of Ownership Is All Over This Building. From The Front Door Security System, To The Party Room, To The Building / Craft Room, To The Inground Salt Water Pool. Updated Kitchen, Large Dining Room Attached To The Living Room. Covered Balcony Overlooks The West Side Of The Building And Adjacent Park. Master Bedroom Is Large And Bright With A Great Walk-In Closet And Ceramic Tile In Your Nicely Updated 4Pc Bathroom. Comes With 1 Parking Spot (Plenty Of Visitor Parking) And A Storage Locker. Non Smoking Building. Parking Spot #39. Storage Locker #50. Offers Must Be Registered By Saturday, July 4Th At 4Pm And Offer Presentation Will By Done Via Email At 5Pm. (Id:23934)
CALL1.877.896.6727
Property Price
$238,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$11,945
Mortgage Insurance ($)
$9,078
Mortgage Required ($)
$236,033
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,114
Mortgage Insurance PST
$726
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,285
First Time Home Buyer
Land Transfer Tax Credit
-$2,114
Cash Needed
$14,171
Monthly Payment
$948
A Community Anyone Would Love To Call Home! Solid 3 Bedroom, 2 Bathroom Side Split On Sought After Glendale Location. Set On A Large, Rectangular Lot, This Family Home Features Plenty Of Space For A Growing Family. The Backyard Offers The Perfect Amount Of Privacy And Has An Awesome Inground Pool. Attached Single Car Garage. Youll Love Being Within Walking Distance To Many Amenities, And Close To Brock University. Homes In This Neighbourhood Dont Last Long. Book Your Showing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$539,900
Minimum Down Payment (%)
5.37%
Minimum Down Payment ($)
$28,990
Mortgage Insurance ($)
$20,436
Mortgage Required ($)
$531,346
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$7,273
Mortgage Insurance PST
$1,635
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$39,398
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$35,398
Monthly Payment
$2,134

Mortgages In St. Catharines

St. Catharines (referred to as The Garden City) truly offers home buyers the 'full package' as far as desired real estate opportunities, abundant outdoor outlets (parks, golf courses, harbourfront marina, recreation trails galore, beaches and of course gardens) and city-urbanistic lifestyles (culture & the arts, wineries, excellent nightlife excitement, heritage sites, incredible dining venues & shopping) go. Coupling an ideal microclimate with the walkability & public transit of this city makes it an amazing place to work, live, and play! If you are thinking about a mortgage as the way to purchase your new residence, you should first do some easy preparations, like using a St. Catharines mortgage calculator. One of the biggest mistakes home buyers make is not properly preparing to qualify for a mortgage loan before making an offer on a property. Being pre-approved by a reputable lender should only happen once you are familiar with the various kinds of mortgages available, which one would suit you financially, how much money will you qualify for, and know about all the additional costs associated with buying a home. Checking out the MLS listings and using a mortgage calculator is a great first step, then you will want to know about different lenders & mortgages.
There are a lot of lender types out there that deal in mortgages for St. Catharines like major banks, mortgage companies, private loan companies, trust companies & credit unions, but which one do you approach? Look at it this way; you want to be able to 'wheel & deal' the best interest rate and mortgage terms as possible, so shop around and discuss your mortgage loan with a few different lenders. A mortgage calculator can help you to figure out a monthly payment plan against a mortgage loan, but what type of loan are you looking to secure? Do you want the reliability of a fixed rate mortgage? Or do you want the flexibility of a variable rate or adjustable rate mortgage? Do you want an open mortgage or a closed mortgage? Do you want to split your mortgage in half with a hybrid mortgage? As you can see, there are numerous mortgage types, so a bit of investigating on your part is a great way to feel prepared before you talk to any lender. Remember, lenders that deal in mortgage products are very competitive and see first time home buyers as 'high priority clients', so be wary and do not settle for anything less then the very best mortgage deal.