Waterloo 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 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 Calculator Examples

Welcome To 109 Dover In The Mature And Family Oriented Mary Allen Neighbourhood. This 3 Bedroom, 1.5 Bath, Brick Bungalow Offers Loads Of Character Throughout And Has Been Lovingly Cared For Over The Years By The Original Owner. Backing Onto Elizabeth Ziegler Public School, You Will Enjoy A Park Like Setting In Your Backyard And Beautiful Sunsets Throughout The Year. Steps From The Spur Line Trail, Which Will Lead You To All The Trendy Shops And Restaurants Uptown Has To Offer In Less Than A 10 Minute Walk. Amenities Close By Include The Lrt, Parks, Grocery Stores, Hospital, And Hidden Gem Bakeries. An Amazing Opportunity To Move Into One Of The Most Desirable Areas Waterloo Has To Offer. (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,473
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,488
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,488
Monthly Payment
$2,089
A Rare Opportunity To Enjoy 1125 Square.Ft. Of Waterfront Living In A Classy Quiet Condo Building In North Waterloo. This Bright Two Bedroom Two Full Bath Unit Features A Newer Euro-Style Kitchen With Granite Counter Tops, Under-Mount Sink, Built-In Dishwasher, Porcelain Tiles, And Atrium-Style Dinette That Allows In Lots Of Sunshine For Your Orange Juice Each Morning. The Formal Dining Room Can Be Easily Converted To A Den / Office Or Additional Sitting Room. The Spacious Living Room Has Custom Blinds And A Slider To An Open Balcony With Fabulous Views Over Water. Enjoy Tranquil Water Views From All Principal Rooms Including Both Bedrooms! The Master Bedroom Has His And Her Closets And An En-Suite Bath. The Two Full Bathrooms Feature Newer Comfort Height Cabinets, And The In-Suite Laundry Has Plenty Of Space For Extra Storage. You Will Love The Convenient Location Near Conestoga Mall, Bus Routes, Lrt, The Expressway, And Miles Of Walking / Biking Trails To Enjoy Right Outside Your Door. You Can Even Walk To Restaurants And Food Shopping From Here! All Of The Appliances Are Included, As Well As A Remote For The Underground Parking Garage. Additional Features: Secure Entry, Library With Piano, Two Party Rooms, Roof Top Barbeque, Underground Parking, Locker, Bike Storage, An On-Site Superintendent, And There Is Even A Hotel Suite In The Building For Your Out-Of-Town Guests! Management Usually Has Extra Parking Spots Available For You To Rent. This Unit Is A Must To See And Won't Last Long. (Id:23934)
CALL1.877.896.6727
Property Price
$350,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,500
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,725
Mortgage Insurance PST
$1,064
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,789
First Time Home Buyer
Land Transfer Tax Credit
-$3,725
Cash Needed
$20,064
Monthly Payment
$1,463
Welcome To 505 Glacier Street! This Beautiful, Spacious, And Bright 5 Bed, 3.5 Bath Home Is Move-In Ready And Presents A Fantastic Chance To Move Into The Family-Friendly, Highly Sought After Laurelwood Neighbourhood! The Curb Appeal On This Home Is Stunning, And The Entrance Invites You In. The Main Floor Includes A Formal Sitting Room And Dining Room, As Well As An Eat-In Kitchen, And A Family Room - Perfect For Entertaining. The Eat-In Kitchen Opens Onto The Beautifully Landscaped Backyard And Sizeable Deck, Which Provides A Fantastic Summertime Retreat. Upstairs, The Master Bedroom Is Full Of Natural Light, Includes His-And-Hers Walk-In Closets, And A Spa-Like Ensuite. The Other 3 Bedrooms Are Spacious, Open, And Well Laid Out. The Recently Fully Finished Basement Adds A Great Deal Of Value, And Features An Extra Bedroom, A 3Pc Bath, And A Cozy Family / Games Room! The Roof Was Done In 2015, A New Humidifier Installed On The Furnace In 2014, A New Garage Door Opener In 2017, And A New Central Vac In 2017 As Well! Don't Miss Your Chance To Own This Stunning Home, Book A Showing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$800,000
Minimum Down Payment (%)
6.88%
Minimum Down Payment ($)
$55,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$12,475
Mortgage Insurance PST
$2,384
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$71,359
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$67,359
Monthly Payment
$3,277
Welcome To Your Dream Home In The Quiet And Convenient Carriage Crossing. Upon Arrival You Will Love The Attention To Detail In The Landscaping, Interlocking Stone Driveway And Timeless Exterior Design. Through The Solid Wood Front Door You Will Be Blown Away By The Main Floor Full Of Tasteful Upgrades. This Open Concept Living, Dining And Kitchen Has A Floor To Ceiling Fireplace Mantel, A Custom Kitchen With Quartz Countertops, A Walk In Pantry And Much More! The 10' Main Floor Has Crown Moulding Throughout And Is Complete With A Spacious Laundry Room And Mudroom, Plus A Den Flooded With Natural Light. Upstairs You Will Find 3 Spare Rooms With Walk In Closets And Direct Access To A Bathroom. The Master Bedroom Offers A Grand Ceiling Detail, An Impressive Walk In Closet With Custom Organizers And An Ensuite That Dreams Are Made Of - This Will Be Your Sanctuary! Enjoy Ending Each Day Relaxing On The Covered Porch Complete With A Privacy Screen, Interlocking Stone And Gorgeous Wood Accents. (Id:23934)
CALL1.877.896.6727
Property Price
$1,389,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$277,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$24,255
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$303,555
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$299,555
Monthly Payment
$4,700
Welcome To Quiet Place - Bright, Spacious And Modernized Suites Ready To Call Home! Exceptional Value: Note Contemporary Kitchen With Glass Back Splash, Island And Stunning Quartz Countertops, Three Updated Bathrooms, Open Concept Main Floor With Recent Upgrades And Updates Including: Floors, Furnace, Central Air, Appliances, Plumbing And Esa Approved Electrical. Note That One Parking Spot - Garage - Is Included In Price. Oversized Egress Window In Basement Pre-Installed. End Unit! This Opportunity Will Work Well For Family Looking For Affordable Home, Investor Seeking Turn Key Rental Income Or Even Parent Looking For A Place For Their University-Bound Child And Friends. Reasonable Condo Fees Of Just: $272.01 Include Water, Landscaping, Snow Removal, Insurance, Private Garbage Removal And Common Element Maintenance. 10 Minute Walk To Research And Tech Lrt Stop. Close To Bus Stops And Quick Access To University Of Waterloo, Wilfrid Laurier University And Conestoga College. Easy Walk To Amenities Of Albert Macgregor Community Centre. Great Proximity To Common Staples Including Beer, Coffee, Pizza, Pharmacy And Several Restaurants As Well Future Clemmer Redevelopment Site. (Id:23934)
CALL1.877.896.6727
Property Price
$349,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,495
Best Mortgage Rate (%)
1.99%
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
$1,462

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.