	Stuart McKerrow smckerrow@sutton.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. 358 Davenport Road, Toronto, Ontario M5R 1K6 Office: 416-966-0300 \| Fax: 416-966-0080 \| Cell: 416-856-6810

Affordability Chart

A fast and easy tool to find out how much home you can afford. Change interest rates, fees to test different options. (Income may not be enough to qualify. Please check with professional financial advisor for personal consultation)

Asking Price:	$ * Invalid	Heating:	$ /Year Invalid
Interest Rate:	% * Invalid	Condo Fee:	$ /Year Invalid
Taxes:	$ /Year* Invalid	Other Debt:	$ /Year Invalid
Amortization:	Years * Invalid	GDS:	% * Invalid
		TDS:	% * Invalid

Percent Down:
Down Payment	$	$	$	$
First Mortgage	$	$	$	$
CMHC/GE	$	$	$	$
Total Financing	$	$	$	$
Monthly P&I	$	$	$	$
Monthly Expenses	$	$	$	$
Total Payment	$	$	$	$
Income Required	$	$	$	$

Interest is compounded semi-annually not in advance. The Interest rate is fixed for the term of the mortgage. The interest rate is usually renegotiated at the end of the term of the mortgage.

This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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