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How Much Can You Afford?
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 | Our Caculators are here to help you find your dream home. Asha and Kamal Chhabra provide these quality Real Estate Calculators to help you, the buyer, determine whether your Mississauga, Brampton, Burlington, Oakville or Milton home is right for you. Once you're done with the calculator view our Mississauga MLS Listings to look through our homes for sale. We are your Mississauga Ontario real estate resource center, find mls listings, condos and homes for sale in Mississauga Ontario. On this Remax Real Estate website we provide specialized calculators. Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying your new home. 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. |
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Results
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Receive this Detailed Analysis
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Your Monthly Payments
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| Loan Amount: |
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| Loan Insurance (
%): |
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| Total Loan(Mortgage) Amount: |
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| Principal & Interest: |
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| Homeowners Insurance: |
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| Property Taxes: |
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| Condo Fees: |
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| Monthly Loan Insurance (%): |
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| Total Monthly Payment: |
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| Income Needed to Qualify for the Mortgage |
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| Total Monthly Loan Payment: |
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| Total Monthly Debt Payment: |
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| Monthly Loan Insurance (%): |
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| Qualifying Income of
% GDS Ratio: |
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| Qualifying Income of % TDS Ratio: |
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| What You Can Afford |
| We are using the % ratio.
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| Cost of House: |
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| Down Payment: |
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| Loan Value: |
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| Monthly Principal & Interest: |
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| Monthly Insurance: |
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| Monthly Property Tax: |
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| Monthly Condo Fees: |
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| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
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