St. Catharines 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
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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
5.64 %
5.74 %
5.74 %
5.79 %
5.84 %
5.84 %
5.89 %
5.89 %
5.90 %
6.04 %
6.04 %
6.34 %
6.39 %
6.84 %
STEP 3
Select one of the mortgage
rates currently available
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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 St. Catharines are eligible for a Land Transfer Tax rebate of up to $4,000
St. Catharines Mortgage Calculator Examples
All Brick 2 Storey Home Displays Pride Of Ownership. Spanning 3,585 Square Feet Of Finished Living Space. Main With Spacious Bright Living Room Leads To Formal Dining Area. Main Also Features Cozy Family Room, 2Pc Powder Room & Laundry. Newly Renovated Chef's Kitchen With Built-In Island, Fisher Paykel & Meili Appliances, Double Oven Range, & Cambria Countertops. Lrg Sliding Glass Doors With California Shutters. Upper Offers 4 Beds, Lrg Primary With Luxurious 5Pc Ensuite Complete With Soaker Tub & Walk-In Closet. 3 Additional Generously Sized Beds & 4Pc Bath. Fully Finished Basement Offers 5Th Bed, Huge Recreation Room, Workout Area & 3Pc Bath. 2 Tiered Backyard Oasis With Pergola, Fire Table, & Manicured Gardens. Room For 6 Cars Btw The Double Wide Driveway & Double Car Garage With Inside Entry. Steps From Power Glen Park & Close To Brock University, Pen Centre, St. Catharines Hospital, Downtown, & Go Station Plus Plenty Of Options For Outdoor Walking / Hiking / Biking Trails At 12 Mile Creek, Decew Falls, & Short Hills.**** Extras **** Updates Include: Roof 2007, Furnace & Air Conditioner 2010, Hot Water Tank 2022 (Owned), Built-In Security System, Windows 2009, Kitchen 2019, Appliances 2010, Renovated Upper Bathrooms (2017) (Id:23934)
CALL1.877.896.6727
Property Price
$1,025,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$205,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$820,000
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$223,475
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$219,475
Monthly Payment
$5,072
Welcome To 295 Riverview Blvd. Where The Location, Neighbourhood, Lot Size And Square Footage Rank This Property A 10 / 10. This Deceivingly Large Home (Over 3500 Square Feet Of Living Space) Sits On A Stunning 119 Ft. X 149 Ft. Lot And Benefits From The Luxury Of No Rear Neighbours As It Backs Onto Twelve Mile Creek And The Twelve Trail. With 5 Bedrooms, Including The Primary Bedroom With Ensuite On The Main Floor, This Home Is Perfect For Your Growing And Evolving Family Needs. Even With All The Floor Space Inside, The Outdoors Is Where You Will Want To Spend All Of Your Time. Take A Dip In The Salt Water Pool (New Liner 2021) Or The Hot Tub (2022); Enjoy A Barbeque For Your Friends And Family On One Of The Two Decks, Or Kick The Soccer Ball Around In The Sprawling Front Yard While Teaching Your Kids How To Ride A Bike Around The Quiet Cul-De-Sac. Additional Notable Property Features Include: Oversized 2 Car Garage With Brand New Door, Hardwood Floors Throughout The Main Floor And Second Floor, Exercise Room, Security System (Adt), Heated Floors In The Sunroom, Wood Fireplace, And New Air Conditioner Unit (2022). Not To Be Overlooked Is The Location Of This Property. In Addition To Backing Onto Mountain Biking And Hiking Trails, You Are Only A 6 Min. Drive To Brock University, 12 Min. To Niagara Health Hospital, Within An Excellent School District, Dozens Of Wineries Nearby, Decew Falls / The Bruce Trail And Short Hills Provincial Park Are Just A Few Highlights Of This Area. This Home Has An Abundance Of Potential And Is Waiting For You To Make It Your Own. (Id:23934)
CALL1.877.896.6727
Property Price
$1,550,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$310,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,240,000
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$27,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$338,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$334,975
Monthly Payment
$7,670
Welcome To An Executive 4+1 Bedroom, 4-Bathroom, 2-Story Masterpiece In The Coveted North End Location. This Immaculate Family Home Features Tasteful Updates, Hardwood And Ceramic Flooring, A Modern Kitchen With Quartz Countertops, And Stainless Steel Appliances. The Main Floor Offers A Family Room With A Wood-Burning Fireplace, Access To A Private Retreat With A Two-Tier Deck And In-Ground Pool, Along With A Living Room, Dining Room, Main-Floor Laundry, And A 2-Piece Bath. Upstairs, You'll Find Four Spacious Bedrooms, Including A Master With An Updated 3-Piece Ensuite And Walk-In Closet. The Upper Level Also Includes A Refreshed 5-Piece Bath And New Windows. The Lower Level Provides A Game Room, Fifth Bedroom With Ensuite Privilege, A Contemporary 3-Piece Bath, And Ample Storage. Recent Updates Include A New Roof And Pool Pump Replacement. With Ultimate Privacy And No Rear Neighbours, This Move-In Ready Property Won't Last Long. (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 (%)
5.64%
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
$5,950
Introducing 52 Shetland Crescent, Situated On A Sought-After, Mature Tree-Lined Street. This Lovingly Maintained 4-Level Backsplit Is Nestled In The Heart Of A Charming Neighbourhood, Providing Close Proximity To Schools, Parks, And Shopping. Home's Layout Offers 3 Bedrooms, 2 Baths, And Ample Living Space, Ensuring It Can Accommodate All Your Needs. There Is An Abundance Of Natural Light As You Step Into The Warm And Inviting Living Room That Flows Into The Adjacent Dinning Area And A Spacious Kitchen. Lower Level Features A Gas Fireplace That Adds Coziness And A Walkout To The Landscaped Yard. Recent Updates Include A New Privacy Fence And A New Garage Door. With The Added Convenience Of Easy Access To The 406 & Qew, This Home Offers A Perfect Blend Of Comfort And Accessibility. (Id:23934)
CALL1.877.896.6727
Property Price
$699,900
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$44,990
Mortgage Insurance ($)
$26,196
Mortgage Required ($)
$681,106
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,473
Mortgage Insurance PST
$2,096
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,059
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,059
Monthly Payment
$4,213
Incredible Value! This Fully Renovated 6-Bedroom Home At 17 Arvona Drive In St. Catharines Is A Rare Gem. Boasting 3+3 Bedrooms, 2 Kitchens, 2 Full Bathrooms, And A Spacious Lot, It Offers Unmatched Versatility. With A Separate Entrance, A Bus Stop At The End Of The Street For Easy Commuting, And A Neighborhood Surrounded By New Builds, This Property Is Not Just A Home; It's A Fantastic Investment Opportunity. Located Near The Pen Centre, Brock University, Niagara Falls, And Abundant Amenities, This Deal Won't Last Long. Secure Your Future In This Thriving Community Today!**** Extras **** Fridge X 2 Stove X 2 Stack Able Laundry Set X 2 Central Air Conditioning Furnace And All Elf's, All Elf's (Id:23934)
CALL1.877.896.6727
Property Price
$699,999
Minimum Down Payment (%)
6.43%
Minimum Down Payment ($)
$45,000
Mortgage Insurance ($)
$26,200
Mortgage Required ($)
$681,199
Best Mortgage Rate (%)
5.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,475
Mortgage Insurance PST
$2,096
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$59,071
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$55,071
Monthly Payment
$4,214
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.