Ivaylo Stoyanov — Oakville Real Estate | Robbio Nicolle Real Estate Team

Buyer Calculators

Plan your purchase with Canadian mortgage rules and Ontario tax brackets

Income

Annual Household Income ($)

Employment Type

Co-Borrower

Add co-borrower income

Co-borrower Annual Income ($)

Annual Rental Income ($)

50% of annual rental income counts toward qualifying

Down Payment

Down Payment ($)

First-Time Home Buyer

Eligible for 30-year amortization on new builds

New Build / Pre-Construction

Required for 30-year insured amortization

Monthly Debts

Car Payment ($/mo)

Credit Card Min ($/mo)

Student Loan ($/mo)

Other Debts ($/mo)

Existing Mortgage ($/mo)

Housing Costs

Property Tax ($/mo)

Heating ($/mo)

Condo Fees ($/mo)

Mortgage Terms

Interest Rate (%)

Mortgage Term

Amortization

Maximum Home Price

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Max Mortgage

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Min Down Payment Required

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Stress Test Rate

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CMHC Premium

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Monthly Payment Breakdown

Principal & Interest

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Property Tax

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Heating

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Condo Fees

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CMHC (monthly)

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Total Monthly

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Debt Ratios

GDS Ratio—

Max 39%

TDS Ratio—

Max 44%

GDS measures housing costs vs. income (max 39%). TDS includes all monthly debts (max 44%).

Total Interest Paid

Over 25 Years

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Over 30 Years

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Property Details

Purchase Price ($)

Property Type

Is HST included in your purchase price?

HST is included by builder

Location

First-Time Buyer

Eligible for LTT rebates

Professional Fees

Legal Fees $1,800

Title Insurance $350

Home Inspection $600

Property Appraisal $500

Adjustments

Property Tax Adjustment ($)

Utility Adjustment ($)

Optional Items

Condo Status Certificate ($200)

Property Survey ($1,000)

Moving Costs ($2,500)

Home Insurance ($1,200)

Total Closing Costs

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Land Transfer Tax

Ontario LTT

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Professional Fees

Legal Fees

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Title Insurance

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Home Inspection

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Property Appraisal

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Subtotal

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Optional Items

Cash Summary

Closing Costs

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Calculate Your Net Proceeds

Asking / Sale Price ($)

Mortgage Balance ($)

Commission (%)

Legal Fees ($)

Mortgage Penalty ($)

Other Costs ($)

Commission Amount

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HST on Commission (13%)

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Legal Fees

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Mortgage Penalty

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Other Costs

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Total Costs

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Mortgage Payout

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Estimated Net Proceeds

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Carrying Cost Calculator

A detailed breakdown of your monthly homeownership costs

Mortgage Payment ($/mo)

CANADIAN MORTGAGE CALCULATOR — SEMI-ANNUAL COMPOUNDING

Mortgage Balance ($)

Annual Rate (%)

Amortization Remaining (years)

Total years left to pay off your mortgage — not your term

Property Tax ($/mo)

Home Insurance ($/mo)

Utilities ($/mo)

Other Monthly ($)

Mortgage Payment

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Property Tax

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Home Insurance

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Utilities

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Other

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Total Monthly Cost

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Annual Cost

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