Read my Blog
Agent Photo

Mary Mok

Call Direct 780-952-1223

SERVING YOUR EDMONTON REAL ESTATE NEEDS



Back To Listing
Loan Information

Canada Mortgage Rate
(compound semi-annual)
US Mortgage Rate
(compound monthly)
Loan Amount ($)
Annual interest rate (1-30%)
Mortgage Amortization (years)
Mortgage Term (years)
Based on the assumptions you have input:

Hide Graph

Your estimated monthly payments are $0, including Private Mortgage Insurance and you will pay $0 in interest over the life of the loan.

(Notice: the payments are rounded to the nearest dollar amount)

Year Beginning Balance Payment Principal Interest Cumulative Principal Cumulative Interest Ending Balance
Step 1 - Income

Combined monthly household income
$
Target House Value
$
Step 2 - Debt Obligations

Monthly auto payments
$
Monthly credit card payments
$
Current utilities expenses
$
Any Other Expenses
Step 3 - New Loan Assumptions

Canada Mortgage Rate
(compound semi-annual)
US Mortgage Rate
(compound monthly)
Annual interest rate on new mortgage
1-30%
Term of new mortgage:(years)
Funds available for a down payment
$
Results

GDS (Gross Debt Service Ratio):
Monthly gross income $0
Gross Debt Service Ratio 0%
Calculated payment for GDS $0

TDS (Total Debt Service Ratio):
Debts and obligations $0
Percent of gross income 0%
Maximum percentage available for mortgage payment 0%
Calculated payment for TDS $0

Payment Calculation
Maximum allowed payment $0
Calculated mortgage amount $0
Down payment $0

Home value you can afford $0
Mortgage Information

Length of Mortgage (years):
Interest Rate (%):
Down Payment:
Estimated Closing Costs:
House Information

Listed Price:
Negotiated Price:
Annual Appreciation:
Annual Property Tax:
Annual Maintenance Costs:
Annual Insurance:
Renting Information

Monthly Rent :
Annual Rate of Increase (%):
Damage Deposit:
Other Information

Annual Return on Investment (%):
Selling Cost (%):
Years Before Selling:
Results

Buying Results

Your Monthly Loan Payments Will Be:
Gained Equity From Appreciation:
Closing Costs:
Selling Expense:
Total Propery Tax:
Total Maintenance:
Homeowner's Insurance:

Net Gain:

Renting Results
Your Expected Rent Payment:
Your Total Cost of Buying:
Your Total Cost of Renting:
Savings:
Savings With Interest:

Net Gain:
Net Gain from Buying Net Gain from Renting
The length of your mortgage.
The Canadian nominal interest rate for your mortgage
Your down payment on the property
The total estimated closing costs NOT including your down payment
The listed price of the property
The final purchase price of the property
The expected annual increase in the value of the property expressed as a percentage
The total property tax payed on the property annually
The total cost of maintaining the property (not including Tax or Insurance) for the period of one year
The cost to insure the property to the period of one year
Your monthly rent payment
The expected yearly rate of increase for your rent as a percentage
Your initial damage deposit
The expected rate of return on savings invested during the time period
The estimated cost to sell the propery expressed as a percentage of home value
How long will you keep the property
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available
No Tooltip Available

Mortgage Calculator is provided by Redman Technologies Inc.
All materials on this website including databases, source codes, forms, stock default content, templates and engine, but excluding custom design elements and client-inputted content management system text and graphics, belong exclusively to Redman Technologies Inc. and are protected by international copyright laws and registration in selected countries.
All rights reserved.

Mary Mok, RE/MAX River City (Edmonton North Branch)
13120 St Albert Trail, Edmonton, Alberta T5L-4P6
Tel: 780-952-1223 Fax: 780-457-2194
© Copyright 2024, Real Estate Websites by Redman Technologies Inc. | Privacy Policy | Sitemap

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.

MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.