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Abbreviations
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50PLUS Real Estate Services
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50PLUS Real Estate Specialized Services
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Friday Harbour - Aquarius
Harbour Flats - Sea Ray Ave
Harbour Flats Prices and Trends
Harbour Flats - Insights and Reporrts
Newmarket Real Estate
Realtor for Busy People™
Newmarket Real Estate
Condo Profile & MLS
Newmarket Condo Guide
Aurora Condo Guide
Condos-at-a-Glance
Newmarket Condo Price History & Forecasts
Newmarket Listings
Newmarket MLS Listings
Newmarket Neighbourhood MLS
Selling Your Home
Marketing Plan
Free Home Valuation
Team - Lawyers, Lenders & Movers
Home Seller's Tips and Tools
Condo Valuation Form
Buying Your Home
Newmarket Home Buying Steps
Good to Know - Reports
Good to Know - First Timers
Real Estate Glossary
Abbreviations
50PLUS Downsizing
50PLUS Real Estate Services
50PLUS Real Estate Resources
50Plus Real Estate Consultation
50PLUS Real Estate Testimonials
50PLUS Real Estate Glossary
50PLUS Real Estate Specialized Services
Atwood Owners Online Group
Atwood Resident Request
Friday Harbour
Friday Harbour Made Easy
Smart Buyers
Friday Harbour - Cost of Ownership
Friday Harbour MLS Listings
Friday Harbour - Sunseeker
Friday Harbour Assignments
Smart Seller
Friday Harbour for Investors
Friday Harbour Insights & Reports
Floorplans - Print-friendly
Harbour Flats - Floorplans Online
Boardwalk Condos - Floorplans Online
About Me
About Me
My Credentials
Testimonials
Giving Back
Contact Me
Friday Harbour - Aquarius
Harbour Flats - Sea Ray Ave
Harbour Flats Prices and Trends
Harbour Flats - Insights and Reporrts
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
Affordability Calculator
Required Fields
Required term in years
Must be a number between 1 and 50
Term In Years:
Required interest rate
Must be a number between 1 and 100
Interest Rate:
%
Required cost of home
Must be a positive number. Maximum of 2 decimal places.
Cost of Home:
$
Required down payment
Must be a positive number. Maximum of 2 decimal places.
Cannot be more than Cost of Home
Down Payment:
$
Required annual insurance
Must be a positive number. Maximum of 2 decimal places.
Annual Insurance:
$
Estimate Insurance to
0.43%
of Cost
Required annual property tax
Must be a positive number. Maximum of 2 decimal places.
Annual Property Tax:
$
Estimate Tax to
1%
of Cost
Required monthly income
Must be a positive number. Maximum of 2 decimal places.
Monthly Income:
$
Required monthly debt
Must be a positive number. Maximum of 2 decimal places.
Monthly Debt:
$
Optional Fields
Gross Debt Service Ratio (GDS):
28%
29%
30%
31%
32%
33%
34%
35%
36%
37%
38%
39%
40%
41%
42%
43%
44%
45%
46%
47%
48%
49%
50%
51%
52%
53%
54%
55%
56%
57%
58%
59%
60%
61%
62%
63%
64%
65%
66%
67%
68%
69%
70%
Total Debt Service Ratio (TDS):
36%
37%
38%
39%
40%
41%
42%
43%
44%
45%
46%
47%
48%
49%
50%
51%
52%
53%
54%
55%
56%
57%
58%
59%
60%
61%
62%
63%
64%
65%
66%
67%
68%
69%
70%
Condos Fees:
$
Must be a positive number. Maximum of 2 decimal places.
Results
Receive this Detailed Analysis
Mortgage
Qualification
Affordability
Rent vs Buy
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:
$
Required
Must be a positive number
Annual Rental Increases:
Required
Invalid
%
Monthly Renter Insurance:
$
Required
Invalid
Savings or Investment Rate:
Required
Invalid
%
Owning
Planned # of years in home:
Required
Invalid
Yearly appreciation of the home:
Required
Invalid
%
Annual home maintenance:
Required
Invalid
%