Let's Check The Financials

The fields that you input below will allow you to determine:

Monthly Payment (including taxes and insurance)
Qualification (What income is required to carry the debt)
Affordability (The highest priced home the bank or mortgage company will finance)
Rent versus Buy Decision (You need to input more assumptions in that section. Do that before you click on Calculate Now).

HINTs:Use 35% for gross debt service ratio
       :Use 42% for total debt service ratio
       :Monthly Debt (payments on other debt)
       :If you need mortgage rates               RATES

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.

If you have any questions on these calculations,please contact me at lobrien@royallepage.ca

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$	Required
Monthly Debt:	$	Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage

Qualification

Affordability

Rent vs Buy

Your Monthly Payments

Loan Amount:
Loan Insurance ( %):
Total Loan(Mortgage) Amount:

Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:

Let's Check The Financials

TD Canada Trust Rates