Mortgage payment calculator for Norfolk County
Estimate the mortgage payment on a home in Delhi, Simcoe, Port Dover or anywhere in Norfolk County, from the price, down payment, interest rate and amortization.
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- Norfolk prices and example payments
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Results are estimates only. Actual mortgage payments and rates may vary based on the lender, mortgage product and borrower circumstances. Fixed estimates compound interest twice a year; variable estimates compound monthly. Mortgage insurance premiums are approximate and set by each insurer.
Home prices and example payments across Norfolk County
| Town | Median asking price |
|---|---|
| Simcoe | $574,900 |
| Port Rowan | $624,900 |
| Delhi | $629,000 |
| Waterford | $759,900 |
| Port Dover | $774,500 |
Norfolk has no municipal land transfer tax: on a $567,900 home, Ontario’s is $7,833.
Town figures are median asking prices for houses and townhouses listed for sale on Zolo on November 10, 2026, not a valuation of any one home.
Mortgage payment questions
Why is my mortgage more than the price minus my down payment?
With less than 20% down, your lender needs mortgage default insurance. The premium is usually added to your mortgage, so you borrow it along with the rest. The calculator shows it on its own line so you can see what it adds.
When do I need mortgage insurance?
When your down payment is less than 20% of the price. The premium is a share of the loan, and it gets smaller the more you put down. Ontario charges PST on it, which you pay at closing rather than adding to your mortgage. The Government of Canada explains how down payments and mortgage insurance work.
What’s the difference between bi-weekly and accelerated bi-weekly?
Bi-weekly spreads your monthly amount over 26 payments a year, so you pay the same in total. Accelerated bi-weekly pays half your monthly amount every two weeks. That adds up to about one extra monthly payment a year, which goes to your balance and shortens your amortization.
Can I choose a 30-year amortization?
With 20% or more down, many lenders offer up to 30 years. With less than 20% down, 30 years is open to first-time buyers and buyers of newly built homes, and the insurance premium goes up by 0.20%. A longer amortization lowers your payment but adds interest over time.
Why doesn’t this match another calculator I tried?
Canadian fixed-rate mortgages compound interest twice a year. Some online calculators compound monthly, as US mortgages do, which gives a slightly higher payment.
Are the published rates an offer?
No. The calculator uses published Ontario bank rates from WOWA as a starting point, with the source date shown beside your selection. Your rate depends on the lender, mortgage, down payment and credit. You can also enter a rate you’ve been quoted.
How do the variable-rate comparisons work?
Your main estimate holds your starting rate constant for the term. The optional comparisons show a starting rate 0.5 or 1 percentage point higher or lower, with payments recalculated for the same amortization. They are not forecasts. A variable mortgage with fixed payments behaves differently: rate changes affect the split between principal and interest.
How much is land transfer tax on a home in Norfolk County?
Norfolk County has no municipal land transfer tax, so you pay Ontario’s alone. On a $567,900 home, the county’s benchmark price in September 2026, it’s $7,833. If it’s your first home, you can get up to $4,000 of it back, which brings it to $3,833. It’s paid at closing, on top of your down payment.
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