Aurora 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 Aurora 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

Aurora Mortgage Calculator Examples

Welcome To 18 Hunters Glen! This Special, One-Of-A-Kind Property Features A Stunning Stone & Stucco Exterior, Mature Landscaping, Extensive Front & Rear Walkways & Patios, And Is Set On A Beautiful & Private 2 Acre Lot. Backyard Oasis With Pool & Waterfall! Inside Is A Custom Kitchen With Heated Floors, Top-Of-The-Line Appliances Including 2 Ovens (Total Of 4 Ovens On The Main. Flr) 2 Dishwashers, Sunroom With Electric F / P! All Bdrms With Ensuites & Heated Flrs!**** Extras **** Finished Walkout Basement Features Recreation Room, Games Room, 4Th Bedroom, 3Pc Bath With Glass Shower, Plus Incredible 5500 Bottle Climate-Controlled Wine Cellar! One Of Aurora's Best Streets! See Feature Sheet For Full List Of Inclusions / Exclusions. (Id:23934)
CALL1.877.896.6727
Property Price
$3,500,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$700,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$2,800,000
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$73,975
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$775,475
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$771,475
Monthly Payment
$11,062
3 Bedroom Detached Home In Prime Bayview Meadows, Immaculately Maintained By Original Owners. Hardwood Floors On Main, Separate Family Room, Gorgeous Kitchen, Quartz Counter Top, Stainless Steel Appliances, Garage Entry, Finished Basement &Cold Cellar Spacious Landscaped Backyard, Pattern Concrete Patio, Perfect For Entertaining! Min To Hwy 404, Go-Train, Superstores**** Extras **** All Electrical Lighting Fixtures & Window Coverings, Stainless Steel Fridge, Stainless Steel Gas Stove, Dishwasher, Range Hood, Washer & Dryer, Central Air, Central Vacuum, Security System, Garden Shed. Roof & Garage Door New In 2019. Hot Water Tank Rental. Follow Covid 19 Sale Protocals (Id:23934)
CALL1.877.896.6727
Property Price
$1,158,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$231,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$926,400
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$19,635
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$252,735
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$248,735
Monthly Payment
$3,660
Beautiful Family Home,Renovated,Backs Onto Huge Greenspace.A 10 / 10!Stunning Kitchen With Quartz Counters,Pot Lights,Glass Cabinets & Quartz Office Desk.Beautiful Espresso Handscraped Hardwoods Impress.Living Room Has 10 Ft Ceiling,Oversized Windows & Pot Lights.This Open Concept Home Is Bright&Airy.The Walk-Out Leads To A Treed Oasis.Fully Fenced / Pet Friendly.Garage Fully Insulated, Drywalled, & Painted. Swimming Pool With Lifeguard Steps Away!**** Extras **** Stainless Steel Appl, All Windows Covgs & Lights .Fenced Yard.Hot Water Tank Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$698,888
Minimum Down Payment (%)
6.42%
Minimum Down Payment ($)
$44,889
Mortgage Insurance ($)
$26,160
Mortgage Required ($)
$680,159
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,453
Mortgage Insurance PST
$2,093
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$58,934
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$54,934
Monthly Payment
$2,687
No Hold Back On Offers! Proudly Owned Backsplit In A Quiet Family Friendly Neighbourhood; Walking Distance To Schools Like French Catholic And French Immersion, Parks, Go Train, Viva; Master Bedroom With Balcony; 5Pc Heated Floor Bthrm With Dbl Sink And 2 Pers Jet-Tub; Sunny Living / Dining Room With Walk-Out To Private Patio; Large Family Room With Gas Fireplace, 2Nd Bthrm. 4Th Bedroom / Office And Workshop In Basement; Hrdwd / Tile Flrs, Flat Ceilings, Heated Garage; 4 Car Driveway.**** Extras **** Included.: Washer, Dryer, Stove Top, Fridge, Built-In Oven, Dishwasher, Electrical Lighting Fixtures, Reverse Osmosis Water Filtration System. Hot Water Tank Is Rental. (Id:23934)
CALL1.877.896.6727
Property Price
$1,099,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$219,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$879,200
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$18,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$239,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$235,755
Monthly Payment
$3,473
Luxury Klymore Built 4,208 Sf Executive Home On Landscaped Corner Lot. Sun Filled With Extra Windows & Unique Walk-Out To Covered Porch From Dining Room. Tastefully Upgraded. All 5 Bedrooms With Baths. 9 Ft High Smooth Ceiling & Private Office On Main. Dramatic 18Ft High Ceiling In Living & Family Rooms, Upgraded Kitchen With Granite Counters & Butlers Pantry, Hand Scraped Hardwood Floors, Multiple Juliet Balconies, 2Nd Floor Laundry, Master Suite Loft -Must See!**** Extras **** Stainless Steel; Fridge, Built-In Double Oven, Gas Cooktop, Exhaust Fan & Dishwasher. Washer, Dryer, All Custom Elf's & Window Coverings, Furnace, Air Exchanger, Humidifier, C / Air, C / Vac, Water Softener, 200 Amp, 2 Gas Fireplaces, Interlocked Drive & Patio (Id:23934)
CALL1.877.896.6727
Property Price
$1,768,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$353,600
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,414,400
Best Mortgage Rate (%)
1.40%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$31,835
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$386,935
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$382,935
Monthly Payment
$5,588

Mortgages In Aurora

A great sense of community is most likely the first thing home buyers will notice upon investigating Aurora as their potential new home. Sitting beautifully just north of Toronto, buyers will find exceptional value when it comes to the real estate collection here, as well as larger yards (really making your money work harder for you and stretching further!), not to mention the plethora of outlets that home buyers will have at their fingertips here like golfing, people parks & dog parks, great cuisine venues, local produce & farmer's markets, walking trails, and so much more. Thinking about a mortgage to purchase a home here? If so, then it is worth your time to use an Aurora mortgage calculator to obtain the price point of affordability. Found on any mortgage company, bank, or credit union website, home buyers can use a mortgage calculator as much as they want for free to implement their monthly budget for a new home. Keep in mind that the longer a mortgage loan is stretched out for, the more interest that will accumulate on the principal. To save hundreds if not thousands of dollars on a mortgage loan, the trick is to shorten the length of time it will take to repay the loan and secure the best interest rate.
Is approaching a mortgage broker a good place to start when it comes to a mortgage loan to buy a home in Aurora? Yes, as a mortgage broker is paid by the entity that provides the source of funding, not you, so you can obtain a wealth of valuable information and possibly your loan through a mortgage broker. What about private lending companies? Any home buyer that is considering approaching a private lender that is not a traditional bank or credit union is probably doing so because banks have very strict criteria when it comes to a mortgage loan. Look at it this way; banks & credit unions may offer a lower interest rate, but that seems to be reserved for borrowers that have spotless credit ratings, have a surplus of money, and have a solid income (a low ratio mortgage). For all other borrowers unfortunately, there are 'alternative lenders' that will charge a higher interest rate because of the higher risk (a high ratio mortgage). Lenders use similar software to a mortgage calculator, so do your due diligence and learn about mortgage products, different lenders, and how the interest rate & prime rate works. You will reap the benefits of preparing well.