Waterloo Mortgage Calculator

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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
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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)
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 Waterloo 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

Waterloo Mortgage Examples

***Open House Sat & Sun 2-4*** Attention First-Time Buyers, Downsizers And Investors! Move-In Ready Home In Great Location On A Quite Crescent Close To Schools, Parks And All The Amenities Ira Needles Has To Offer! The Main Floor Offers An Open Concept Layout With Updated Floors, Paint And Kitchen With Stainless Steel Appliances And Quartz Counter-Top. New Paint And Flooring Continues Upstairs Where You Will Find 3 Bedrooms Including A Large Master. This Home Also Features A Finished Basement With A Rough-In For An Extra Bathroom And A Huge Backyard Great For Entertaining And For Kids To Play. Book Your Showing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$425,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,250
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,975
Mortgage Insurance PST
$1,292
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$29,017
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$25,017
Monthly Payment
$1,879
318 Spruce Is One Of Waterloos Premium Condo Towers In The University District And Located Just Steps From Both The University Of Waterloo And Laurier. An Opportunity To Own This 2 Bedroom, 2 Bathroom Unit On The 3Rd Floor. Luxury Finishes Include A Fully Furnished Apartment By The Developer, Granite Counters And Stainless Steel Appliances, In-Suite Laundry And An Ensuite Bathroom Off The Master Bedroom. Furthermore, Unique To This Unit, Enjoy A Large Walkout Terrace That Offers Exceptional Private Outdoor Space. 21St-Century Building Amenities Include A Rooftop Patio And Terrace, Fitness Centre, Retail, Medical Centre And Two Restaurants On The Main Floor. A Strong Real Estate Investment And Currently Under Lease For $1,800 A Month + Utilities. Furthermore, On-Site Property Management Services Are Included With Purchase Through Sage Living. (Id:23934)
CALL1.877.896.6727
Property Price
$349,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,724
Mortgage Insurance PST
$1,064
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,782
First Time Home Buyer
Land Transfer Tax Credit
-$3,724
Cash Needed
$20,059
Monthly Payment
$1,547
Sub-Penthouse Level This Brand New! Never Lived In! Westmount Grand Luxury Condominium-"The Henry James" Model 1596Sq. Ft. With 126 Square.Ft. Balcony. In The Heart Of Waterloo! Enjoy The Unobstructed Views Of Waterloo And Horizon Beyond, From Your Large Windows And Spacious Balcony. This Corner Unit Provides Views Of Up Town Waterloo Along With Westmount Golf & Country Club. The Living Space Is Very Impressive, With Top Quality Engineered Hardwood Floors, 9' Ceilings, Extended Height Doors, Crown Moulding, Custom White Kitchen Complete With Backsplash, An Island With Quartz Counters, Bar Fridge, Water Tap Behind The Cooktop, Upgraded Appliances, Valance Completed With Under Mount Lighting. Separate Laundry / Storage Room Off Of The Kitchen With Custom Cabinets For More Storage. 5Pc Large Ensuite With Top Of The Line Finishes And Oversized Glass Shower, Soaker Tub, Double Sinks. Very Spacious Bedrooms, Like No Other Condominiums In Town. There Are Two Parking Spaces And A Locker Included. Amenities Include Roof-Top Common Room For Entertaining Or Just To Enjoy A Different View From The Top. 2 Barbeque's That Can Be Used Year Round On An Outdoor Patio, Well Equipped Fitness Centre, Library / Piano Room, Men's And Ladies Saunas And Showers Complete In Marble And Granite Finishes. Parking For Your Guests, Right At The Front Door. Westmount Grand Is Minutes Away Form Uptown Waterloo, Restaurants, Waterloo Park, Walking Trails, Libraries, And Shopping. Aaa+ (Id:23934)
CALL1.877.896.6727
Property Price
$948,800
Minimum Down Payment (%)
7.37%
Minimum Down Payment ($)
$69,880
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,451
Mortgage Insurance PST
$2,813
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$89,644
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$85,644
Monthly Payment
$4,090
Attention First Time Home Buyers, Parents Of University Students. A Beautiful 4 Bed,2.5 Bath Home With Finished Walkout Basement For Sale In The Columbia Forest Area Of Waterloo. Main Floor Features A Beautiful Open Concept Kitchen And Living Room, Carpet Free Hardwood Main Floor And 2 Piece Bathroom. Walk Out To Wooden Deck From Family Room For Your Outdoor Enjoyment. Second Floor Features Huge Master Bedroom, 3 More Good Sized Bedrooms And 4 Piece Main Family Bathroom. Finished Walkout Basement With Full 4 Piece Bathroom And Very Spacious Recreation Room. Fully Fenced Backyard With Shed.Walking Distance To Amenities Such As Restaurants, Groceries, Drug Store And Ymca! The Location Of This Home Also Features Some Of Waterloo's Top Rated Schools: Abraham Erb P.S., Laurelwood P.S., Sir John A. Macdonald Stainless Steel., St.Nicholas Catholic School, Resurrection Catholic Stainless Steel., University Of Waterloo And Wilfred Laurier University. (Id:23934)
CALL1.877.896.6727
Property Price
$615,000
Minimum Down Payment (%)
5.93%
Minimum Down Payment ($)
$36,500
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,775
Mortgage Insurance PST
$1,851
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$48,626
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$44,626
Monthly Payment
$2,692
Move In End Of Feb 2020! ***Backs Onto Greenspace!*** 2615 Square Ft Steps To Community Park And Recreation! 4 Bedroom Plus 3Rd Floor Finished Loft! Don't Miss This Exquisite Custom Built Home Steps To Vista Hills Public School. Modern Open Concept Layout Perfect For Your Growing Family Featuring; 9 Foot Ceilings On Main Floor, Large Mudroom, Pot Lights Throughout, Luxury Vinyl Plank Flooring, Huge Kitchen With Custom Double Pantry, Breakfast Bar Over Hang, 36" Upper Cabinets, Crown Molding And Under Cabinet Lighting. Adjacent To Community Park, Double Sinks In Kids Bath. If You Enjoy Entertaining, This Home Is For You! Kitchen Over Looks Great Room! Master Bedroom Level Features Large Walk In Closets, Spacious Luxury En Suite With Walk In Shower And Modern Tiles. Bedroom Level Featuring 3 Excellent Sized Bedrooms, Bathroom For Kids With Double Sinks And Fantastic Kids Finished Loft. This Is A Bright Home With Additional Window Throughout! *** Pictures Are Of Previously Built Home But Same Colours / Finishes, Floor Plan Available. Visit Model Home @ 228 Ladyslipper Sat & Sun 2-4 For Further Info! (Id:23934)
CALL1.877.896.6727
Property Price
$796,400
Minimum Down Payment (%)
6.86%
Minimum Down Payment ($)
$54,640
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$12,403
Mortgage Insurance PST
$2,374
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$70,917
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$66,917
Monthly Payment
$3,452

Mortgages In Waterloo

Waterloo is a hot bed for real estate home buyers for its lush parks, golf courses, diversity with real estate, and of course, it is within proximity to Toronto, Hamilton, Kitchener, Cambridge, Burlington, Mississauga, Guelph & London! Not to mention that two of the top universities in Canada are located here as well. This city is ripe for a healthy realty investment, and with choices like chic lofts, condos, large estate homes, single family homes, townhomes, sidesplits & backsplits and bungalows, the options are plentiful for home buyers! There has been a boom in new developments in this city to keep up with the demand of people who wish to live, work, study & play here. The MLS listings will show you the houses up for sale in this city, and a mortgage calculator will help you to see which homes are within your financial comfort zone. When using a Waterloo mortgage calculator, you will swiftly see how a mortgage loan is broken down (the interest rate, the monthly payment frequency, the amount of the loan, the start date of the loan & loan terms). A mortgage loan lender will go over the kinds of mortgage loans available, the interest rate, the amortization period, the payment schedule, and different ways your mortgage can work for you.
Mortgage products are easier to understand once you know how a mortgage works and how the bottom line is summed up. You may have already found a home in Waterloo that you love, so it is time to put the mortgage calculator aside and focus on making a mortgage loan your financial solution to purchase it. There are four popular mortgage products: a variable rate mortgage, an adjustable rate mortgage, a fixed rate mortgage, and a hybrid mortgage. A hybrid mortgage uses both a variable rate and a fixed rate (basically cutting the mortgage in half so you can have the pros and cons of each mortgage product). A variable rate mortgage sets your interest rate to the prime rate, which can fluctuate your interest regularly. An adjustable rate mortgage regulates your interest rate at regular intervals, which also is set to lower or raise with the prime rate. A fixed rate mortgage is just that; the interest rate is fixed or locked in for a set term or for the whole amortization period. Your mortgage loan can be a closed mortgage or an open mortgage, while the difference is that a closed mortgage is fixed with no room for changes, but an open mortgage lets you opt for an early payoff without a penalty.