mike cadieux 250-762-9979 Email mike
okanaganhomes.info Better Call Mike

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What Price Range Should We Be Looking In?



Let us help you find out what you can afford!

Our mortgage calculator will help you determine loan amounts, mortgage qualification  and the price range we should be looking in.I also have an in house Mortgage  Consultant  available here at the office for one stop shopping-90 day rate guarantee.Meaning you will get the best mortgage available to you.If you are self employed-no problem-we have lenders who will fund up to 85% of purchase price.Also if you are having trouble getting a big enough down payment particularly if you are a first time buyer we have a FREE DOWNPAYMENT supplied by the lender on a 5 or 7 year term mortgage.Call or email for details.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To e-mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
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:
 
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:  %

CONTACT ME


mike cadieux
250-762-9979(Office)
1-877-264-2997(Toll-Free)
250-215-2486(Cell)
250-762-9972(Fax)

#138-1876 COOPER RD.
Kelowna, British Columbia, V1Y 9N7
Canada