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

Freshly Updated 2 Bedroom 2 Storey With Workshop (30 Amp). Open Concept Main Level With Bright Eat-In Kitchen Open To Living Room. Large Master Bedroom With Ensuite Privilege. 2Nd Bedroom With Large Closet. Basement Partly Finished With Laundry, 2Nd Bathroom And Storage. Updates Include: Electrical, Plumbing, Insulation And Furnace. Located Close To Schools, Shopping, Bus Route, All Amenities & Easy Qew. Quick Close & Fully Furnished Option Available (Id:23934)
CALL1.877.896.6727
Property Price
$369,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,495
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,024
Mortgage Insurance PST
$1,124
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$25,143
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$21,143
Monthly Payment
$1,546
Renovated In The Highest Quality From Top To Bottom! Serene Lake Views Can Be Experienced From This Move In Ready 2-Storey Townhome In A Prime Port Weller Waterfront Community. Quality Down To The Finest Detail. Gorgeous Custom Kitchen Featuring Quartz Countertops, Island, Large Pantries Stainless Steel Appliances And Built In Microwave. High End Designer Light Fixtures And Tons Of Pot Lights Throughout. All New Flooring. Large Windows Throughout Offering An Abundance Of Natural Light. Spacious Living Room With Stunning Cast Stone Fireplace And Office Area. Masterbed With Stunning Custom Ensuite. And Other Large Bedrooms. Fully-Finished Basement Includes Ample Storage Space. Attached Garage With Inside Access And Brand New Door. Beautiful Curb Appeal With Brand New Deck, Walkways And Stonework. This Condo Community Also Offers Pool, Manicured Gardens, Walkways And Beach. Numerous Trails, Parks, Marina, All Shopping, Wine Route, Golf Close By. This Home Has It All And For The Fussiest Buyer. A Must See ! (Id:23934)
CALL1.877.896.6727
Property Price
$589,900
Minimum Down Payment (%)
5.76%
Minimum Down Payment ($)
$33,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,273
Mortgage Insurance PST
$1,779
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$45,542
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$41,542
Monthly Payment
$2,445
Attention Investors, Handymen & Fixer Uppers! Spacious 3 Bedroom Home With Large Full Basement With Direct Garage Access. Large Principle Rooms With Living Room Situated At Front Of Home. Oversized Kitchen With Side Door Walk Out For Second Entrance. Large Main Floor Bedrooms. Excellent Location: Close To The Pen Centre, Brock University, Hwy 406, Bus Stops, All Amenities And Across The Street From The Merritt Trail. Loads Of Potential For Improvements, Income And Opportunity! (Id:23934)
CALL1.877.896.6727
Property Price
$399,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,950
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,460
Mortgage Insurance PST
$1,213
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,123
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,123
Monthly Payment
$1,667
Renovated In The Highest Quality From Top To Bottom! Serene Lake Views Can Be Experienced From This Move In Ready 2-Storey Townhome In A Prime Port Weller Waterfront Community. Quality Down To The Finest Detail. Gorgeous Custom Kitchen Featuring Quartz Countertops, Island, Large Pantries Stainless Steel Appliances And Built In Microwave. High End Designer Light Fixtures And Tons Of Pot Lights Throughout. All New Flooring.**** Extras **** Inclusions: Fridge, Stove, Dishwasher, Built In Microwave, Washer, Dryer, All Window Coverings, All Electrical Lighting Fixtures. Rentals:None (Id:23934)
CALL1.877.896.6727
Property Price
$589,900
Minimum Down Payment (%)
5.76%
Minimum Down Payment ($)
$33,990
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,273
Mortgage Insurance PST
$1,779
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$45,542
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$41,542
Monthly Payment
$2,445
Freshly Updated 2 Bedroom 2 Storey With Workshop (30 Amp). Open Concept Main Level With Bright Eat-In Kitchen Open To Living Room. Large Master Bedroom With Ensuite Privilege. 2Nd Bedroom With Large Closet. Basement Partly Finished With Laundry, 2Nd Bathroom And Storage. Updates Include: Electrical, Plumbing, Insulation And Furnace. Located Close To Schools, Shopping, Bus Route, All Amenities & Easy Qew. Quick Close & Fully Furnished Option Available (Id:23934)
CALL1.877.896.6727
Property Price
$369,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,495
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,024
Mortgage Insurance PST
$1,124
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$25,143
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$21,143
Monthly Payment
$1,546

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.