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Nick Boothby's Mortgage Calculator

Nick Boothby's mortgage calculator helps you estimate the Maximum Mortgage a bank would extend to you, based on your income and total debt, and what the monthly mortgage payments would be.


Maximum Mortgage Calculator *


NOTE: This calculator works using javascript functions. If you have disabled this on your browser the calculator will not work.

Fill in the form below, if the amount is 0 then put an actual 0 inthe space. Click the "CALCULATE" button to get an estimate of
maximum mortgage amount and monthly mortgage payments.

Total Annual Family Income:
Annual Property Taxes (estimate):
Monthly Payment for Second Mortgage:
Monthly Heating Costs/Condo Fees (estimate):
Monthly Payments for all Loans/Credit Cards:
Interest Rate:

calculate

Maximum Mortgage

Monthly Payment


* This Maximum Mortgage is calculated on the basis of a 25 year term. It is based on GDS (gross debt service ratio) of 32 and a TDR (total debt ratio) of 40. Interest is compounded twice yearly. Payments are Monthly. This calculator is included as a help to estimate a potential mortgage. Consult your financial institution for mortgage information and eligibility.

Order informative E-reports

Nick Boothby has developed a number of informative e-reports on Real Estate Topics. Take advantage of Nick's experience and research.

Before buying or selling order:

  • Return on investment for Renovations
  • Sellings costs
  • Purchasing costs
  • and more... Nick Boothby has dozens of free reports.
 

Frequently Asked Questions on Selling and Buying a Home

Have a look at the most Common Questions about selling and purchasing homes. Nick Boothby has compiled dozens of questions in this informative FAQ.

A "must read" before buying or selling a home.
FAQ on SELLING
FAQ on PURCHASING



Nick Boothby, Maddy Dennett and Greg McDowell
REALTORS® / Salespersons

Christine DeMerchant Unlicenced Support Person
Real Estate Homeward, Brokerage
1858 Queen St. E., Toronto, On, M4L 1H1, Canada
tel: 416-698-2090   fax: 416-693-4284
Maddy's cell: 416-951-5507   Greg's cell: 647-984-3065
emails: Nick   Maddy   Greg   



Not intended to solicit Sellers or Buyers currently under written contract with another Realtor
Disclaimer: Nick Boothby and his team take great care in insuring the accuracy of our facts but some information cannot be verified. We do not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process discussed or presented.
Nick Boothby does not claim to be an expert on financing and strongly urges questions on Mortgage to be directed to proper authorities. Information on this web page is given with no warranty.