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 Examples

Beautifully Updated Corner Unit Offering All Day Sun With Full Southern Exposure & Bright Morning Sunrise To The East. Gorgeous New Engineered Hardwood Floors, New Modern Kitchen With Quartz Counters, Breakfast Counter, Subway Tile Backsplash, Stainless Steel Appliances. Spacious Bedrooms Boast New Carpet, New Vanities With Quartz Counters, Freshly Painted Throughout In A Neutral Palette.**** Extras **** Ensuite Laundry With Washer & Dryer (As Is), New Stainless Steel Fridge, Stove, Built-In Dishwasher & Hood Fan, New Electric Light Fixtures, Window Coverings, 2 Parking Spots! Steps To Yonge, Tim's, Restaurants, Shops, Transportation And Dining Room's. (Id:23934)
CALL1.877.896.6727
Property Price
$688,000
Minimum Down Payment (%)
6.37%
Minimum Down Payment ($)
$43,800
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,235
Mortgage Insurance PST
$2,061
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$57,596
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$53,596
Monthly Payment
$2,998
Beautifully Renovated Garden Unit Townhouse, Open Concept Design With Attention To Detail, 3 Bedroom, 3 Full Bath, All Completed With Permits, Esa & Inspected By Town Of Aurora, Includes New Electrical / Plumbing / Heat & Cooling, Hardwood Floors & Porcelain Tile, Oak Stairs With Cast Iron Railings, Large Custom Kitchen & Tastefully Finished Bathrooms, With Pot-Lights Throughout, Mins To Schools / Yonge / Go Station,404, Excellent Chance For First Time Home Buyers!!**** Extras **** Stainless Steel Appl, Fridge, Stove, Dish, Hood, Wash / Dryer, 5 Units Ductless New Heating / Cooling Climate Control With Remotes. (Id:23934)
CALL1.877.896.6727
Property Price
$519,000
Minimum Down Payment (%)
5.18%
Minimum Down Payment ($)
$26,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$6,855
Mortgage Insurance PST
$1,575
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$36,830
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$32,830
Monthly Payment
$2,290
Gorgeous, 2340 Sf, 2 Year Old Executive Home Featuring Thousands Spent In Quality Upgrades Thru-Out. 10' Smooth Ceilings On Main, 9' On 2Nd. Beautiful Open Concept, Gourmet Kitchen With Extended Upper Cabinetry, Quartz Ctrs, Extended Ctr Island With Bfst Bar,Under Valance Lighting, Stainless Steel Appls, Hdwd Staircase, 4 U / G Baths, 3Rd Flr Family / Media Room With 4 Piece Bath & Walk-Out To Balcony. Shows To Absolute Perfection!!**** Extras **** Unfinished Basement With Large Look-Out Window & Cold Cellar. Included. Existing Stainless Steel Fridge,Stove, Built-In D / With With D, Central Air Conditioning, Central Vacuum, Forced Air Gas Furnace, Hot Water Tank, All Elf's & Blinds, Garage Door Opener & 2 Remotes. Excluded. Family.Room, Master & 2Nd Bdm Drapes (Id:23934)
CALL1.877.896.6727
Property Price
$879,000
Minimum Down Payment (%)
7.16%
Minimum Down Payment ($)
$62,900
Best Mortgage Rate (%)
2.49%
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
$3,798
Why Choose This Home? Outstanding Finishes Which Accent Through Out! Hardwood Floors And Custom Wood Working In The Master And Adjoining Bedrooms, With Modern Designed Washrooms. Granite Counters With Travertine Backsplash, Breakfast Bar And Stainless Steel Appliances In The Kitchen. Custom Finished Lower Level With Stone Finished Mantel Featuring Built In Surround Sound, Fireplace, Recessed Stereo Shelf, Custom Office Space, And Walkout To Deck And Yard.**** Extras **** Extra Deep Backyard And Deck With Lighting. Indoor Entrance To Garage With Vertical Lift Door Opener And Mezzanine. Furnace 2018, Roof Shingles 2017. Stainless Steel Fridge, Stove, Built-In Dishwasher, Microwave Range, Washer And Dryer. Some Exclusions. (Id:23934)
CALL1.877.896.6727
Property Price
$718,800
Minimum Down Payment (%)
6.52%
Minimum Down Payment ($)
$46,880
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,851
Mortgage Insurance PST
$2,150
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$61,381
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$57,381
Monthly Payment
$3,127
Beautiful Brookfield Condo, 732Sf. Face To South, Luxury 9' Ceiling, Balcony Overlooks Woodlot & Stunning Open Plan With Oversized Room, Could Separate 2Nd Bedroom, Beautiful Terrace From Party Room With Barbeque Area And Guest Suite. Close To 404, Transit, Trails, Shopping, Schools & Golf. Features Include Gym, Yoga Studio, Pet Mud Room, Multipurpose Party Room With Kitchenette, A Barbeque Terrace, Lounge.**** Extras **** Stainless Steel Fridge, Stove, Microwave, Dishwasher, Full Size White Front Loading Stackable Washer And Dryer. 1 Underground Parking Space Just Right Of The Elevator, 1 Storage Locker. (Id:23934)
CALL1.877.896.6727
Property Price
$399,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,950
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,460
Mortgage Insurance PST
$1,213
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$27,123
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$23,123
Monthly Payment
$1,764

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.