Peter Dooks RE/MAX Banner Real Estate, Greenwood   Your Hometown Expert with a World of Experience

How Much Can You Afford?


 
How much can you afford?Are you thinking about buying a home in the Greenwood area? The calculators below will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Complete the following fields and click Calculate Now.

To view the results of each calculation, click on the various tabs. 

To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Do NOT rely on the results from these calculators to make financial decisions. Interest rates vary and the tax laws change regularly. Please contact me for assistance with your specific concerns.

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

Results
  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:  
 
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  


Peter Dooks


RE/MAX Banner Real Estate
Sales Associate
962 Central Ave.,
Box 1298
Greenwood, N.S. B0P 1N0

Bus. (902) 765-2222
Fax: (902) 765-9140
Cell: (902) 844-1072

Peter Dooks Peter Dooks (902) 844-1072 Email Peter