ROYAL LEPAGE Mid North Realty, Brokerage
CORA SHIELDS BROKER Elliot Lake Cora.shields@gmail.com

Help With Mortgage Information


 

Cora Shields has been a long time resident of Elliot Lake for

49 years, and over 29 years as a Real Estate Professional

Cora's thorough knowledge of the city, as well as designation as a Broker, has  contributed to her success.

Working with Cora gives YOU an advantage to having a solid negotiator with extensive knowledge and expertise on your side.   

Helping you is what I do.

I can arrange a viewing or sale of any listing in Elliot Lake even those listed by other companies.

Please call me for any information or  help you need.

Cell :   705-849-5678 

 


How Much Can You Afford?


 

 
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 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:  %
Cora's Homepage           |  Elliot Lake Real Estate  Listings  |  All Listings Elliot Lake  |  Elliot Lake Home Evaluation  |  Elliot Lake Mortgage Calculators  |  Buying Elliot Lake Real Estate  |  Selling   |  Great Resource Links  |  Email Cora Shields  |  Contact Cora Shields  |  About Elliot Lake  |   Elliot Lake Activities  

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: