Mortgage Calculator

GDS (Gross Debt Service) Ratio: Calculated by adding mortgage payment, property taxes, and uilities (heat & light) and dividing by the gross income of the Purchasers. Maximum is 32% to qualify.

TDS (Total Debt Service) Ratio: Calculated by adding mortgage payment, property taxes, utilities (heat & light) and all other monthly obligations (car payment, credit card payments, lines of credit, and other living expenses). Maximum is 40% to qualify.

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$	Required
Monthly Debt:	$	Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

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:

Mortgage
Insurance Rates

CMHC

Up to and including

Mortgage

65% - .50%

75% - .65%

80% - 1.00%

85% - 1.75%

90% - 2.0%

95% - 2.75%

Flex Down - 2.90%

100% - 3.10%

	RE/MAX United, Inc. 862-866 Topsail Road, Mount Pearl, NL AIN 3J7 Office: 709-364-8848	olga.hitchen@nl.rogers.com vunderhay@remax.nf.ca michelle.pennell@remax.nf.ca

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Mortgage Calculator

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