Best Mortgage Rates Hamilton 2025 - Compare 30+ Lenders
Get Hamilton's lowest mortgage rates from 30+ top lenders. Average home price $826K with no municipal land transfer tax saves thousands vs Toronto. Licensed Ontario mortgage brokers specializing in Greater Hamilton Area. Free pre-approval in 2 minutes.
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Hamilton Mortgage Calculator - CMHC Rules 2025
Calculate your monthly payments with current Hamilton rates and official CMHC rules
Calculate Your Mortgage Payment
Higher down payments = lower monthly payments & no insurance premiums
Monthly Payment
Principal & Interest
Additional Options (affects CMHC rates)
✓ Conventional Mortgage (20%+ down payment)
No CMHC insurance required - save on premium costs
CMHC Calculation Breakdown
Hamilton Real Estate Market Insights 2025
The details that actually affect your mortgage
Average Home Price
RAHB Dec 2024
Down Payment Required
5% on first $500K + 10% remainder
Land Transfer Tax
No municipal LTT in Hamilton
First-Time Buyer Rebate
Provincial rebate available
Hamilton Home Buying Programs
Government programs that could save you thousands
First-Time Home Buyer Incentive
Shared equity loan up to 10% of home price
Eligibility: Household income under $120,000
Ontario Down Payment Assistance
Interest-free loan up to $40,000
Eligibility: First-time buyers in select areas
Hamilton First-Time Buyer Programs
Access to various provincial programs
Eligibility: First-time buyers in Hamilton area
CMHC Insurance
Low down payment options (5% minimum)
Eligibility: Purchase price under $1.5M
Need help navigating Hamilton's programs? Our experts know the details.
Hamilton Mortgage FAQs
The questions Hamilton homebuyers actually ask
Are mortgage rates different across Ontario cities?
No, mortgage rates are the same across Ontario. A 5-year fixed rate in Hamilton is the same as in Toronto or Ottawa. The difference is in qualification requirements due to varying home prices and local market conditions.
How much is land transfer tax in Hamilton?
Hamilton only has provincial land transfer tax (no municipal LTT). For an $826K home, you'll pay approximately $12,475 provincial LTT. First-time buyers can get up to $4,000 in provincial rebates.
Can I get a mortgage in Hamilton with less than 20% down?
Yes, for homes under $1.5M (updated December 2024). You can put down as little as 5% on the first $500k and 10% on the remainder up to $1.5M, but you'll need CMHC mortgage insurance.
CMHC Premium: Ranges from 0.60% to 4.50% of loan amount depending on your down payment size. Premium is added as a one-time fee to your mortgage amount, plus you pay PST (8% in Ontario) on the premium at closing.
Ready for Expert Hamilton Mortgage Help?
Our tools give you the details. When you're ready for personalized Hamilton guidance, connect with our Licensed Mortgage Agent specializing in the Greater Hamilton Area market.