Paul FRIGAN (Sales Representative) RE/MAX Rouge River Realty Ltd. Brokerage. 905-434-0102 or 24hr pgr. 905-623-6000
Paul FRIGAN
(905) 623-6000 Email Paul

How Much Can You Afford?



Let us help you find out what you can afford!

Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) 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.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
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)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

 Get Pre-Approved Free of
Charge under no obligation.
(Rates Are at an All Time Low)

don't delay...call Paul today!

frigan@sympatico.ca

We Have Resale Listings in
Pickering, Ajax, Whitby,
Oshawa, Brooklin, Courtice,
Bowmanville, & Newcastle
Desperately seeking offers!

Term

Posted
Rates

Best
Rates*

6 Mth

3.14%

3.0%

1 Year

2.89%

2.29%

2 Year

2.84%

2.24%

3 Year

3.39%

2.34%

4 Year

3.89%

2.54%

5Year

4.64%

2.74%

7 Year

5.30%

3.44%

10 Yr

6.10%

3.84%

5 yr Variable Rate

2.30%

Prime Rate

2.70%

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*Rates are subject to
change, some conditions &
restrictions may apply.
Last Update Dec. 2015
 

 

Paul FRIGAN
(905) 623-6000(Office)
1-877-623-6002(Toll-Free)
905-434-0102(Cell)

191 Church St.
Bowmanville, Ontario, L1C 1T8