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

Opportunities Like This Don't Happen Often! First Break Of 2020 To Renovate This Detached Bungalow Or Rebuild. The Street Where Change Is Happening. Walking Distance To Schools, Parks, Trails And Shops. Close To Major Roads. Friendly Area.**** Extras **** Property Sold In 'As Is' Condition No Warranties Or Guarantees. No Survey. Fridge, Stove, Window Air Conditioner, Washer And Dryer, All Existing Window Coverings, All Existing Electric Light Fixtures, Garden Shed All In As Is Condition (Id:23934)
CALL1.877.896.6727
Property Price
$750,000
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$50,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,475
Mortgage Insurance PST
$2,240
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,215
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,215
Monthly Payment
$3,079
Family Dream Home! 1 / 2 Acre Lot Private Woods ""Hills Of St. Andrew"". Luxury Upgrades Thruout. Hrdwd Floor In Living Room & Dining Room & Gourmet Custom Kitchen With Granite Is., Coffee Bar, Pantry. Walk-Out To Deck & Forested Bkyd. Main Floor Family Room Features. Vaulted Ceiling, Pot Lights & Fp. Library With Auto Blinds. Main Floor Laundry With Direction Access Family Room 3X Garage. Huge Master With Sitting Room, Walk-In Closets X2, Auto Blinds & 5-Piece Ensuite. 2Nd Bedroom Has Walk-In & 4-Piece Ens. Great Layout 3700+1800 Basement**** Extras **** All Electrical Lighting Fixtures, Cust. Wood & Elec Blinds, Ceil Fans & Remotes, Garage Door Opener & Remotes, Central Vac & Equip, Stainless Steel Stove, Fridge, Range Hood; Miele Dishwasher, Maytag Neptune With D, Wine Cellar, 2Nd Fridge, Water Sftnr, H / C Filtered H2o ++More! Check Info Sheet! (Id:23934)
CALL1.877.896.6727
Property Price
$1,949,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$389,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$35,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$426,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$422,755
Monthly Payment
$6,595
Great 2 Corner Lots In The Prime Aurora Heights Area! Right On The Corner Of Bathurst And Wellington Street! Two Properties Being Sold Together. An Amazing Location For Re-Development. Potential Development For 40+ Town Houses And Or Commercial Building. Nearby Schools, Shops, Parks, Dining Room Offices And Residentials!!!!**** Extras **** Two Properties Being Sold Together, See Commercial Listing! Corner Lots On Bathurst And Wellington Street. Also Available For Sale As A Commercial Listing. No Tresspassing. Shop And Shed On Property. (Id:23934)
CALL1.877.896.6727
Property Price
$5,800,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$1,160,000
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$131,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$1,292,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$1,288,975
Monthly Payment
$19,626
Very Well Maintained 1920 Square Ft Bungalow In Northeast Aurora. Bright & Spacious Open Concept, 9'Ceilings, Hardwood Floors, Ceramic In Kitchen. Nicely Landscaped With Gazebo In Backyard. Close To Shopping, Schools, Recreation Center & The 404.**** Extras **** Included New Stainless Steel Fridge, Stove, Built-In Dishwasher, Washer & Dryer. Roughed In Central Vac & Security System. (Id:23934)
CALL1.877.896.6727
Property Price
$998,800
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,880
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,451
Mortgage Insurance PST
$2,957
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,788
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,788
Monthly Payment
$4,064
Don't Miss This Never Been Lived In Freehold Townhome By Brookfield, Enjoy A Nature Forest At Your Backyard, Beautiful Picture Windows From Great Room & Bedrooms, 9' Ceilings On 1St & 2Nd Floor, 1620 Square Ft Bright & Practical Layout, Full Size Garage & Long Driveway, Few Steps To Park, Walking Trails & Public Transit. Go Station, Few Minutes To 404, Shopping, Dining, Groceries & Much More!**** Extras **** Brand New Stainless Steel Kitchen Appliances: Fridge, Stove, Rangehood & Dishwasher, Washer, Dryer, All Electrical Light Fixtures & Window Coverings. Hot Water Tank (Rental) (Id:23934)
CALL1.877.896.6727
Property Price
$938,000
Minimum Down Payment (%)
7.33%
Minimum Down Payment ($)
$68,800
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,235
Mortgage Insurance PST
$2,781
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$88,316
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$84,316
Monthly Payment
$3,824

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.