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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
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
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:  
 
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  


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Search Our Listings on mls.ca/realtor.ca - This is a direct link to our listings on the Kitchener MLS.

Home Evaluation - If you are thinking about selling your Kitchener, Waterloo, Cambridge, Woolwich Elmira or surrounding area home, get a free Market Analysis of your home's value.  

Mortgage Calculators - Powerful calculators to determine the true cost of owning a home in Kitchener, Waterloo, Cambridge, Woolwich Elmira or the surrounding area.

For Buyers - Useful information for Buyers or Investors interesting in property in Kitchener, Waterloo, Cambridge, Woolwich Elmira or the surrounding area.

For Sellers - Useful information for owners interested in selling their home in Kitchener, Waterloo, Cambridge, Woolwich Elmira or the surrounding area.

Neighborhoods - Information about some of the neighborhoods in Kitchener, Waterloo, Cambridge, Woolwich Elmira or the surrounding area.

Contact Us  - Send me an e-mail for any purpose.


 

 



Kitchener Waterloo Real Estate Team

 
Melanie McNeil Real Estate agent
Warren McNeik real estate agentColleen Mader Real estate agent
We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and  everywhere in between. If you would like us to help you with your home search, please check out our brand-new free search website or if you are thinking of selling, get a free market evaluation.
Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage
(  519.579.4110 | 519-498-8118               
8 www.TeamMcneil.com, www.ClickThatHouse.com, www.KitchenerLofts.com, www.ElmiraRealEstate.ca, www.HighTechAgent.ca
Connect with us on the following social networks  
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  Warren & Melanie McNeil - Team McNeil (Re/Max Twin City Realty Inc, Kitchener-Waterloo ON): Real Estate Agent in Kitchener Waterloo, ON

Facebook: www.facebook.com/teammcneilremax


Melanie & Warren McNeil ~ Sales Representative ~ Re/Max Twin City Realty, Brokerage
Serving: Kitchener, WaterlooCambridge Elmira and area , West Montrose , Drayton, St Jacobs ,  New Hamburg, Heidelberg,
St Clements, Linwood, St Agatha, Wellesley Township, Woolwich Township, Mapleton Township. Houses for sale, Listing notifier,
Home evaluation, Buyer Reports, Seller Reports,Search MLS,Mortgage Calculator

Other Webs
http://www.clickthathouse.com, http://www.teammcneil.com, http://www.kitchenerlofts.com
 http://www.clickthathome.com, http://www.kitchenerhomesforsale.com/, http://www.kwhousesforsale.com/,
http://www.elmirarealestate.ca, http://www.smalltownliving.ca/
 
 

 

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