Newmarket Real Estate Realtor for Busy People™

Cost of Ownership - Example


Cost of Ownership - Examples (There are 21 models to choose from)

Aquarius Flats           
Model Carina Orion Taurus  Pisces Polaris
Bedrooms  1  1 2 2 2
Washrooms 1 1 2 2 2
Parking - undergrd






Locker 1 1 1 1 1
Size - SF 540 595 805 905 935
Price - $,K $350 $390 $520 $600 $600
Mortgage  (See Mortgage Calculator Below)          
CMHC insurance           
Mortgage Balance          
Mortgage per mth           
Property Tax          
Condo Fees (Unit + Association Club Fees)          
Lake Club fees           
Parking & Locker condo fee           
Utilities  (hydro, gas, water, sewage) - all metered          
Condo Insurance            
Personal Utilities (phone,cable, internet)          

Cost of Ownership - without Mortgage

Cost of Ownership - with Mortgage          
Boat Slip fees (optional - leased)          
Golf Membership (optional - owner rates)          
Closing Costs          
Land Transfer Tax          
Legal Fees            
Tarion Warranty          
Meter Install Fees          
Initiation Fee (2% of Purchase Price)          
Development & Other Levies          
Other (tbd)          


These Charts and Others are made available to my clients only 


Affordability Calculator

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.1% of Cost
Annual Property Tax:  $  
Estimate Tax to 1% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
  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)
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %