Geoff Hill Phone: 250.341.7600 Mobile: 250.341.7600 Email Geoff

Mortgage Calculator


Fill in the blanks and calculate your estimated mortgage payments for any loan.

 

Monday April 29th/2013

Term Posted Rate Our Rates*

1 YEAR CLOSED
2 YEAR CLOSED
3 YEAR CLOSED
4 YEAR CLOSED
5 YEAR CLOSED
7 YEAR CLOSED
10 YEAR CLOSED
Variable Rate
Prime Rate

3.00%
3.04%
3.55%
4.54%
5.14%
6.35%
6.75%

2.54%
2.54%
2.60%
2.74%
2.79%
3.54%
3.69%
2.60%
3.00%

Home Equity Lines of Credit Prime + 0.50%
Business for Self or Rental Programs available.
BenchMark Rate 5.14%. * Rates may vary provincially and are subject to change without notice.  OAC Some products and rates not available in all regions.

 

 

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:  %