Your Personal Hamilton & Area Real Estate Resource
|
Mortgage & Financial Calculators 
The mortgage calculator will help you determine approximate Call me anytime!
mortgage qualification and loan amounts. Cell: 905 515 9209
Complete the fields below and click Calculate Now. To view the different results of your calculation, click on the various tabs. To e-mail yourself a copy of your results, click the Receive this Detailed Analysis link.
For details on the mortgage process, pre-approval, bank vs mortgage broker and all things mortgage related, see our "Buyer" section or Call me anytime. I'm happy to help!
|
|
|
Results
|
Receive this Detailed Analysis
|
|
|
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: |
|
| Income Needed to Qualify for the Mortgage |
| |
| Total Monthly Loan Payment: |
|
| Total Monthly Debt Payment: |
|
| Monthly Loan Insurance (%): |
|
| Qualifying Income of % GDS Ratio: |
|
| Qualifying Income of % TDS Ratio: |
|
| What You Can Afford |
| We are using the % ratio. |
| Cost of House: |
|
| Down Payment: |
|
| Loan Value: |
|
| Monthly Principal & Interest: |
|
| Monthly Insurance: |
|
| Monthly Property Tax: |
|
| Monthly Condo Fees: |
|
| |
Cost of House = [(Monthly income x Debt Ratio) –
monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate) |
|
|