Agent in Oakville Mortgage Calculator & Mortgage Information

Let us help you find out what you can afford!

Our mortgage calculator will help you determine loan amounts, mortgage qualification, 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.

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 mail yourself a copy of your 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
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:

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:	$ RequiredMust be a positive number	No. of Years you plan on keeping the home:	RequiredInvalid
Annual Rental Increases:	% RequiredInvalid	Yearly Appreciation on the Home:	% RequiredInvalid
Monthly Renter Insurance:	$ RequiredInvalid	Annual Home Maintenance:	% RequiredInvalid
Savings or Investment Rate:	% RequiredInvalid

Today's Mortgage Rates brought to you by Adrian McInerney - Oriana Financial Click Here

Mortgage Information

The Canadian Institute of Mortgage Brokers and Lenders website offers information about professional standards.

Canada Mortgage operates a site with utilities that will make your mortgage planning easier. You will find an easy to use calculator plus a variety of other useful estimating, planning and scheduling tools.

Canada Mortgage and Housing Corporation maintain a list of approved lenders on their website.

For access to 'Fully Discounted Rates' please contact one of my recommended Mortgage Specialists listed below.

Mortgage Consultants

A Mortgage Consultant is dedicated to helping you obtain the best possible mortgage at the lowest rates available. A Mortgage Consultant understands that you have specific needs when you finance your home purchase and is there to listen. That ability combined with comprehensive knowledge of the Mortgage Market, and access to a large inventory of product gives your Mortgage Consultant a competitive advantage versus an individual Financial Institution which is inherently limited to to it's own product. With over 100 different Lenders in the Marketplace, knowing the difference between them can save you many thousands of dollars over the life of your mortgage.

If you are currently in the market for a home, your Mortgage Consultant would be pleased to assist you in your search by helping you discover what the Mortgage Market has available for you. Contact a Mortgage Consultant today to get Pre-Qualified at the best rates available. You will be assured of having the best financing in place for your new home and you will know what price range is affordable for you. Keep in mind that a Realtor representing a 'Qualified Purchaser' has additional leverage when negotiating on their clients behalf - that ammunition may translate directly into more savings for you.

Local Mortgage Consultants:

Adrian McInerney Oriana Financial 905-510-0710

John-Andrew Newman Verico Financial Group 905-630-7205