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

Located In The Most Prestigious Enclave Of Estate Homes In York Region! Terrain High And Dry, One Of The Highest Lots In The Area.1.97 Acre Of Land. 350K Worth Of Renovation. With Roundabout Driveway, Almost 1000 Square.Ft High Ceiling Family Room. Master Bedroom And Basement With Hydronic In-Floor Heating.Freshly Updated Exterior Stucco Finish.**** Extras **** Include Surrounding Camera Security Systems(No Monthly Fee). Sub Zero & Wolf Appliances.Brand New Floor Throughout. Brand New Tile In The Kitchen. Brand New Kitchen Cabinets And Appliances. Brand New Garage Doors. Professional Landscaping. (Id:23934)
CALL1.877.896.6727
Property Price
$2,888,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$577,600
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$58,675
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$637,775
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$633,775
Monthly Payment
$9,997
Must See. Best Location In Aurora Downtown. Ravine Lot. Clean & Transparent Design, Open Concept Contemporary Interior, Hardwood Throughout, New Windows, Insulation, Electrical & Plumbing, New Family Gas Fireplace, Brand New Kitchen & Laundry Appliances, Walk To Lcbo, Fitness Club, Schools, Shops, Pub Trans. In-Law Suite Is Basement.**** Extras **** Brand New Main Level Fridge, Dishwasher, Built In Oven, Built In Microwave, Cooktop, Brand New Washer And Dryer, All Electrical Fixtures. Basement Appliances: Fridge, Microwave, Oven, Washer & Dryer, Heated Garage, Ctrl Wter Cleaning Syst. (Id:23934)
CALL1.877.896.6727
Property Price
$849,000
Minimum Down Payment (%)
7.06%
Minimum Down Payment ($)
$59,900
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,455
Mortgage Insurance PST
$2,525
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$77,380
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$73,380
Monthly Payment
$3,551
Perfection+ With Thousands Spent On Stunning Reno's Included New Kitchen (Walk-Out To Cozy Deck), Top Of Line Stainless Steel Applncs, Coff Ceilings With Waffle / Crown Mldg,100+ Pot Lights. Hrdwd Flrs T / O, 9 Ft Ceilings (Main Flr), All Beds Have Ensuites. ,Fab South Exposed Prof Landscaped Private Treed Lot, Walk-Out Basement With Full Kitchen,2 Baths, New Broadloom, Spoil The In-Laws / Extended Family Or Teenage Retreat. Perfect Home For Entertaining With Nothing To Do But Move In & Enjoy-A Must See!**** Extras **** Elf's,4 Ceiling Fans,All Wndw Cvrgs,2 Fridges(3Yrs Old),2 Stoves,Wall Oven,Microwave,Dishwasher,Main Flr Wshr / Dryer,Central Air Conditioning,Central Vacuum,Hepa Air Clnr,2 R02 Systm,Humdfr,Wtr Sftnr'16,2 Garage Dining Room Opnrs,Shingles'17 Excluded:Security.Systm,Tankless Wtr Htr($36.99+/Mth),4 Tv's+Brkts (Id:23934)
CALL1.877.896.6727
Property Price
$1,399,800
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$279,960
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$24,471
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$305,931
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$301,931
Monthly Payment
$4,845
Within Walking Distance To St. Andrew's College And Schools. Well Maintained 2190Sf Two-Storey Detached Home In Sought After Hills Of St. Andrews Enclave In Desirable Aurora. Lovely Central Hall Plan With Main Floor Family Room With Fireplace. Updated Master Bath & 4 Piece, Kitchen And Hardwood. Main Floor Laundry. Conveniently Located Withing Minutes To All Amenities, Great Shopping And Highway 400 And Highway 404.**** Extras **** Roof 2018, Windows Replaced In The Last Five Years, All Electric Light Fixtures, All Window Coverings, Central Air, Stainless Steel Fridge, Microwave, Stove & Dishwasher. (Id:23934)
CALL1.877.896.6727
Property Price
$978,000
Minimum Down Payment (%)
7.44%
Minimum Down Payment ($)
$72,800
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,035
Mortgage Insurance PST
$2,897
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$93,232
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$89,232
Monthly Payment
$4,073
Welcome To The Entertainers Delight In The Aurora Highlands. Located In A Perfect Family Oriented Community. Close To Schools. Highly Sought After 2Nd Floor Great Room With Fireplace And Wet Bar. Walk Out To Large Deck With Gas Line For Barbeque For Great For Entertaining. Finished Walk Out Basement And 3Pc Bathroom.**** Extras **** All Electric Light Fixtures, All Window Coverings, 2 Stainless Steel Fridges, 2 Stainless Steel Stoves, 2 Stainless Steel Dishwashers, Dryer, Washer. (Id:23934)
CALL1.877.896.6727
Property Price
$1,069,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$213,800
Best Mortgage Rate (%)
2.19%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$17,855
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$233,155
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$229,155
Monthly Payment
$3,700

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.