Contact Me
Jake Russell and Linda Jenkins in the Okanagan
Expect Great Results Real Estate Team
Home
Featured Listings
Property and Business Search
Property and Business Evaluation
Calculators
Buying
Testimonials
Who we are
Selling
HST
Choosing us to sell your Property or Business
Family Real Estate Business
Jake Russell
250-549-3944
Email Jake
Calculators
Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.
Complete the fields below 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.
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
Must be a positive number. Maximum of 2 decimal places.
Cost of Home:
$
Required
Must be a positive number. Maximum of 2 decimal places.
Cannot be more than Cost of Home
Down Payment:
$
Required
Must be a positive number. Maximum of 2 decimal places.
Annual Insurance:
$
Estimate Insurance to
0.43%
of Cost
Required
Must be a positive number. Maximum of 2 decimal places.
Annual Property Tax:
$
Estimate Tax to
1.2%
of Cost
Monthly Income:
$
Required
Must be a positive number. Maximum of 2 decimal places.
Monthly Debt:
$
Required
Must be a positive number. Maximum of 2 decimal places.
Optional
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:
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent:
$
Required
Must be a positive number
No. of Years you plan on keeping the home:
Required
Invalid
Annual Rental Increases:
%
Required
Invalid
Yearly Appreciation on the Home:
%
Required
Invalid
Monthly Renter Insurance:
$
Required
Invalid
Annual Home Maintenance:
%
Required
Invalid
Savings or Investment Rate:
%
Required
Invalid