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Oakville Lawyers

Calculating Monthly Payments

Sometimes, it makes a huge difference to understand how much extra in monthly payments a higher mortgage will cost. There are times when making that important calculation long before your mortgage broker or your bank does, will help you decide what your comfort level is. Take this great link to help you calculate that number.

http://www.royallepage.ca/CMSTemplates/AskRLP/Mortgages/MortgagesTemplateL.aspx?id=383

How Much Can You Afford?

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

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:

Contacts

Debra Curran

326 Lakeshore Road East
Oakville, Ontario L6J 1J6
Office: 905 845-4267
Fax: 905 845-2052
debracurran@royallepage.ca

Knowledge is power! Useful links

Calculating Monthly Payments

How Much Can You Afford?

Contacts