header Mortgage Qualification

Calculate if you are qualified to get mortgage for a property.
Offer Price of Property: $
Down Payment: $ %
Mortgage Amount:  
Mortgage Insurance: %
Total Mortgage:  
Mortgage Amortization:  years
Interest Rate: %  
Mortgage Payment:
Est. Monthly Property Tax:
50% Monthly Condo Fee:
Est. Monthly Heating Cost:
Cost Per Month:    
Gross Income Monthly Annually
Person 1: $
Person 2: $
Others: $
Total:
Monthly Debt Costs
Loans: $
Charge Cards: $
Others: $
Total:  
Debt Ratios
GDS: %
TDS: %
Result:

 
Interest is compounded semi-annually not in advance. The Interest rate is fixed for the term of the mortgage. The interest rate is usually renegotiated at the end of the term of the mortgage. This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Personal Picture
Shabbir Khokher
Sales Representative
Re/Max Royal Properties Realty Ltd, Brokerage
Independently owned and operated.
Shabbir.khokher@gmail.com

 

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Office: 416-321-0110       Mobile: 416-831 8132      Fax: 416-321-0150    
Office Address 1801 Harwood Ave Unit 5 , Ajax, Ontario L1T 0K8