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)          
5% Downpayment          
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          
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:  %