Windsor 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 Windsor 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

Windsor Mortgage Calculator Examples

Prime East Riverside Location. Only 2 Doors From The Ganatchio Trail, This Custom Built (Piece Custom Homes) Full Brick Ranch Features: 2100 Square Ft, Grand Entrance Way With 12' And Vaulted Ceilings, Open Concept Design, Hardwood Floors Thru-Out, New Roof 2018 With Full Ice And Water Sheild, Cozy Sun Room / Sitting Room, Spacious Bedrooms, Main Floor Laundry, Full Finished Open Concept Basement With Wet Bar Rough In (Pool Table And Hockey Table Stays), Cold Cellar, Basement Has Never Experienced Flooding. Steps To Parks And Green Space. All Furniture Can Stay. (Id:23934)
CALL1.877.896.6727
Property Price
$599,900
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,473
Mortgage Insurance PST
$1,808
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,771
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,771
Monthly Payment
$2,629
Come Take A Look At This 4 Level Side-Split In South Windsor Offering You 3 Bedrooms, 2 Baths And A 2.5 Car Garage On A Large Lot, Backing Onto A Park. No Rear Neighbours! Grade Entrance. (Id:23934)
CALL1.877.896.6727
Property Price
$399,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
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
$1,768
Lovely Raised Ranch In Great Location! Open Concept Kitchen / Living Room, Hardwood & Ceramic Flrs. Island With Extended Countertop, Built-In Cook Top. Patio Doors To Lrg Deck. 2 Bedrooms, 2 Baths, Finished Family Room (Lower Level), Att Garage, Fenced Yard. Don't Miss Out On This Gem!! (Id:23934)
CALL1.877.896.6727
Property Price
$299,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,950
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,960
Mortgage Insurance PST
$909
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,319
First Time Home Buyer
Land Transfer Tax Credit
-$2,960
Cash Needed
$17,359
Monthly Payment
$1,322
Solid East Windsor Duplex With Lots Of Parking On An Extra Deep Lot Near The Pillette Village! 2 + 1 Bedrooms, 2 Full Baths. 2 Kitchens. Separate Meters. Unfinished Basement. Solid Tenants Who'd Love To Stay. Currently $2000 / Mth Gross Income. Contact L / S For More Info Today. (Id:23934)
CALL1.877.896.6727
Property Price
$189,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,624
Mortgage Insurance PST
$577
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$13,196
First Time Home Buyer
Land Transfer Tax Credit
-$1,624
Cash Needed
$11,572
Monthly Payment
$840
Come And See This Wheel Chair Accessible 1 Bedroom Home, All On 1 Floor, With Updated Kitchen, Bathroom, Windows, Furnace And Air Conditioner, Nothing To Do But Move In, It Has A Private Side Drive With A Large Detached Garage And A Fenced Yard, Close To Shopping, Bus Routes, Call Today! (Id:23934)
CALL1.877.896.6727
Property Price
$139,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$6,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,124
Mortgage Insurance PST
$425
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,044
First Time Home Buyer
Land Transfer Tax Credit
-$1,124
Cash Needed
$8,920
Monthly Payment
$618

Mortgages In Windsor

The city of Windsor and its exciting waterfront are just the beginning of all the surprises in store for home buyers that are looking for a new home in an explorable city that will keep them active. This city plays host to culture & the arts, multitudes of nature-filled parks, golfing, and aquatic fun! When it comes to the real estate market, Windsor has a little something for everyone (townhomes, condominiums, 2 storey, 3 storeys, backsplits, bungalows and sidesplits) and addressing varying budgets too. By using a Windsor mortgage calculator, buyers can quickly figure out their affordability point on any given property. A mortgage calculator can be found on any banking website, mortgage broker website, and third-party websites. As first time home buyers will soon discover, there is a lot of in-depth information to know prior to talking to a mortgage lender, and some of that information is covered here. With many questions in mind, the questions & answers that are most imperative regarding a mortgage is the amortization period, the interest rate, the term, ways to save on interest, payment options, all fees to pay, early payoff, prepayment options, selling the property before the end of the amortization, taxes, down payment, insurance, and collateral.
Besides the basic information that you needed to use the mortgage calculator to purchase property in Windsor, there are many other bits of information that you should validate on your own. There are a few different entities that offer mortgage loans, like mortgage companies, trust companies, banks, insurance companies, and loan companies (all of them will try their best to 'win you over' and gain your business, so be diligent in making sure the lender is reputable). More often then not, a lender will try to pre-approve you to ascertain the maximum amount of money you can qualify for. Key pieces of information that lenders check during pre-approval is your income, your current debts, and your current assets (during the actual qualifying the information required goes much deeper in detail). Different lenders offer different mortgage loans, and you can negotiate the best mortgage contract possible for yourself (once you establish yourself with a lender as a low-risk borrower). A low-risk borrower has a great credit rating, enough household income to comfortably cover a mortgage loan & interest and can easily use funds from a savings account to cover all of the closing costs, a down payment, and other associated transaction fees.
Upon choosing a home in Windsor that you are interested in buying (and after using a mortgage calculator to establish affordability), you should be confident in the kind of mortgage loan product that is going to work best for you financially for years to come. Keep in mind that only major banks are regulated by the government and therefore MUST indulge every detail about every mortgage product they offer to you. Other lenders may be a little elusive on the finer details of a mortgage product because they source their funds from private sources and are not regulated by any governmental agency. Being prepared is being proactive, and once you learn about the alternating mortgage products and how they revolve around interest rates, payment scheduling annually & amortization period and so on, you will be ready to talk to your chosen lender. Some lenders may tell you that you need to be charged a higher interest rate in order for them to loan you the money for a mortgage... this would be true if you are a high-risk borrower; in other words, if you had zero down payment, had credit issues in the past, are holding a lot of current debts, your income does not allow for much wiggle room financially, and if you do not possess any assets.