CentralOttawaHomes.com Buying and Selling Ottawa

Mortgage Calculator



My mortgage calculator will assist you to determine loan amounts, mortgage qualification, affordability or whether or not you should consider renting or buying

Fill in the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  If you'd like to e-mail yourself a copy of the results, click the Receive this Detailed Analysis tab.

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:  %

Mortgage Pre-Approval


 

Although this mortgage calculator is a usefull tool which has hopefully given you a rough idea of how much you can afford it still in your best interests to visit a professional lender.

 

For the best rates on the best terms please contact one of our highly recommended mortgage speacialists and let them know that Trevor Moore has recommended you contact them.

Mortgage Contacts
Here is a list of dependable mortgage contacts whom I use frequently. For the best rates and service please be sure to drop my name when you are contacting these mortgage lenders.
First Name: 
Last Name: 
Email: 
Phone: 
Comments: 
 
* * Maximum of 2000 characters

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