Newmarket Real Estate
Newmarket Real Estate Realtor for Busy People™

Harbour Flats - Cost of Ownership
Harbour Flats Flat   Flat   Flat
Model Sugar Maple   Black Cherry   Tamarack
Bedrooms 1   2   3
Washrooms 1   2   2
Parking 1 - undergd   1 - undergd   1 - undergd
Locker 1   1   1
Size - SF 525   810   1,335
Price           
Price/SF          
           
Mortgage          
Downpayment (see calculator below)          
CMHC insurance          
Mortgage Balance          
Mortgage per mth          
           
Property Tax           
Condo Fees           
Lake Club Fees          
Parking and Locker Condo Fee          
Total Condo Fees:          
Utility costs per mth (hydro,gas, water)          
Condo Insurance (estimated)          
Personal Utilities (phone,cable, internet)          
Total Mthly Cost of Ownership          
Total Mthly Cost with Mortgage          
           
Golf Membership (optional - special owner rates)          
Boat Slip Fees (optional - leased)          
           
Closing Costs          
Land Transfer Tax          
Legal Fees          
Tarion Warranty          
Levies           
Other           
           

These Charts are made available to my clients only 

Boardwalk Condos - Cost of Ownership

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Affordability Calculator
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Estimate Insurance to of Cost
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Estimate Tax to of Cost
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Results
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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)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %