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Home
Listings
Icon Realty Inc. Listings
REALTOR.ca
Local Information
City of Prince Albert
Public School Division
Catholic School Division
PA Now
PA SPCA
Utility Contacts
About Us
Carmen
Lou
Dexter the Office Dog
Colour Options For Signs
Contact Us
Royal Lepage Icon Realty
1116 Central Avenue
Prince Albert, SK S6V 4V6
Cell:
306-960-7101
Work Phone:
306-922-5322
Email Royal Lepage
Required Fields
Required term in years
Must be a number between 1 and 50
Term In Years:
Required interest rate
Must be a number between 1 and 100
Interest Rate:
%
Required cost of home
Must be a positive number. Maximum of 2 decimal places.
Cost of Home:
$
Required down payment
Must be a positive number. Maximum of 2 decimal places.
Cannot be more than Cost of Home
Down Payment:
$
Required annual insurance
Must be a positive number. Maximum of 2 decimal places.
Annual Insurance:
$
Estimate Insurance to
0.43%
of Cost
Required annual property tax
Must be a positive number. Maximum of 2 decimal places.
Annual Property Tax:
$
Estimate Tax to
1.2%
of Cost
Required monthly income
Must be a positive number. Maximum of 2 decimal places.
Monthly Income:
$
Required monthly debt
Must be a positive number. Maximum of 2 decimal places.
Monthly Debt:
$
Optional Fields
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:
Cost of House = [(Monthly income x Debt Ratio) –
monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent:
$
Required
Must be a positive number
Annual Rental Increases:
Required
Invalid
%
Monthly Renter Insurance:
$
Required
Invalid
Savings or Investment Rate:
Required
Invalid
%
Owning
Planned # of years in home:
Required
Invalid
Yearly appreciation of the home:
Required
Invalid
%
Annual home maintenance:
Required
Invalid
%