Zorra 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 Zorra 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

Zorra Mortgage Calculator Examples

Custom Log Home Located In Embro, Less Than 15 Minutes From Woodstock, 20 Minutes To Stratford & 5 Minutes To London. This Home Sits On 0.6 Of An Acre With Mature Trees & A Private Backyard. The Garage Has Parking For 3 Vehicles & Extra Storage. Wrap Around Composite Front Porch, A Fully Finished Walk Out Basement, Private Back Deck Sitting Area. Inside Gives You The Full Log Home Cottage Feel, Lots Of Windows & The 20 Foot Great Room Allow For Lots Of Natural Light. There Is A Main Floor Primary Bedroom With Walk-In Closet & Cheater Ensuite, Claw Foot Soaker Tub. Open Kitchen, Granite Counters & Lots Of Space On The Main Floor, Main Floor Laundry. Walk Up The Custom Log Staircase To An Upstairs Loft Area That Has A Large Bedroom, Walk-In Closet & Cheater Ensuite With Walk-In Shower & Office Loft Area. Downstairs Is Finished & Has An Additional Bedroom, Walk In Closet & Ensuite With Soaker Tub. Upgrades Include Steel Roof, Stone Gas Fireplace & Cherry Hardwood Floors. (Id:23934)
CALL1.877.896.6727
Property Price
$1,249,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$249,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$999,920
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$21,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$272,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$268,953
Monthly Payment
$5,640
Welcome To 256489 Sunova Cres. This Beautiful Raised Brick Bungalow Located Across From Sunova Lake. This 3 Bedroom Property Has Been Recently Renovated, Installed New Flooring Throughout, New Paint, Convenient Main Floor Laundry, Large Windows, Wet Bar, Spacious Enclosed Sunroom Over Balcony Lane. Great Home For A Family. Close To Park, Schools, Shopping And Golf All Close By. Has Direct Access To The Lake With A Dock**** Extras **** Stainless Steel Cooktop Range, Stainless Steel Fridge, Dishwasher, Washer & Dryer, & Window Coverings (Id:23934)
CALL1.877.896.6727
Property Price
$879,000
Minimum Down Payment (%)
7.16%
Minimum Down Payment ($)
$62,900
Mortgage Insurance ($)
$32,644
Mortgage Required ($)
$848,744
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,055
Mortgage Insurance PST
$2,612
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$81,067
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$77,067
Monthly Payment
$4,788
Find Your Escape To The Country With Net Zero Ready Quality Home. Make A Conscious Choice To Healthier Living And Helping The Environment By Going With A Net Zero Ready Home With Many Upgrades Included As Standard. Main Floor Has 9Ft Ceilings, Beautiful Engineered Wood Floors, Large Kitchen With Kitchen Aid Appliance Package, Stone Countertops, Potlights And Undercabinet Lighting, And Office Makes This Perfect For Anyone Looking To Start A Family And Work From Home While Still Being Close Enough To Drive To The Gta. Enjoy Barbecues All Year Round With Large Covered Porch In Backyard. Basements Are 9 Foot Walls With Oversized 24 X 37 Windows. Garage With Amazing Features Included Such As Level 2 Electric Car Charger And Garage Door Opener. High Curb Appeal With Brushed Concrete Driveway. Finishes To Be Picked. Pictures Are Of Model Home For Ref Only. Refer To Features And Finishes In Brochure For Stds. Model Home Open By Appt Mon-Thurs 12:00-6:00 And Sat-Sun 12:00 - 5:00**** Extras **** Kitchen Aid Wall Oven, Stove, Fridge, Dishwasher. Whirlpool Washer And Dryer. Dual Fuel Heat Pump With Nat Gas Furnace Allows For Heating And Cooling Powered By Either Gas Or Electricity. Brochure For Info (Id:23934)
CALL1.877.896.6727
Property Price
$879,900
Minimum Down Payment (%)
7.16%
Minimum Down Payment ($)
$62,990
Mortgage Insurance ($)
$32,676
Mortgage Required ($)
$849,586
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,073
Mortgage Insurance PST
$2,614
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$81,177
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$77,177
Monthly Payment
$4,792
Find Your Escape To The Country With Net Zero Ready Quality Home. Make A Conscious Choice To Healthier Living And Helping The Environment By Going With A Net Zero Ready Home With Many Upgrades Included As Standard. Main Floor Has 9Ft Ceilings, Beautiful Engineered Wood Floors, Large Kitchen With Kitchen Aid Appliance Package, Stone Countertops, Potlights And Undercabinet Lighting, And Office Makes This Perfect For Anyone Looking To Start A Family And Work From Home While Still Being Close Enough To Drive To The Gta. Enjoy Barbecues All Year Round With Large Covered Porch In Backyard. Basements Are 9 Foot Walls With Oversized 24 X 37 Windows. Garage With Amazing Features Included Such As Level 2 Electric Car Charger And Garage Door Opener. High Curb Appeal With Brushed Concrete Driveway. Finishes To Be Picked. Model Home Open Mon-Thurs 12:00-6:00 And Sat-Sun 12:00 - 5:00. Pictures Are Of Model Home For Ref Only. Pls Refer To Features And Finishes For Stds.**** Extras **** Corner Lot Available For Purchase As Well. (Id:23934)
CALL1.877.896.6727
Property Price
$1,049,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$209,980
Mortgage Insurance ($)
$0
Mortgage Required ($)
$839,920
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$17,473
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$228,953
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$224,953
Monthly Payment
$4,738
This Floor Plan Is 2495Sqft, Including 4 Bedrooms / 2.5 Bathrooms. Main Floor Has A Beautiful Kitchen With A Walk Through Pantry Making Offloading Groceries A Breeze From The Double Car Attached Garage. With Lots Of Counter Space And Eat In Breakfast Area, You Can Either Pull Up To The Island For Your Morning Coffee, Or Relax At The Table. The Dining Area Is Just Off The Kitchen And Open To Living Room, So The Fireplace Ambience Is Enjoyed With The Tv On, Or Off. The Laundry Room Is Upstairs In Between The 4 Bedrooms, Making That Chore, Less Of A Chore. It Is Spacious And Has Extra Shelves For Towels, Toiletries & Cleaning Supplies. (Id:23934)
CALL1.877.896.6727
Property Price
$949,900
Minimum Down Payment (%)
7.37%
Minimum Down Payment ($)
$69,990
Mortgage Insurance ($)
$35,196
Mortgage Required ($)
$915,106
Best Mortgage Rate (%)
4.69%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,473
Mortgage Insurance PST
$2,816
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$89,779
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$85,779
Monthly Payment
$5,162