Home Purchase Calculators
Whether you’re thinking about buying a new home, getting a home equity loan or line of credit, or refinancing an existing Mortgage, our Interactive Mortgage Calculators will allow you to explore your Mortgage options to make the right home financing decision.
How can home purchase calculators help you plan for your purchase in Grande Prairie?
Find Out The Purchase Price You Can Afford
The mortgage qualifier calculator will help you identify the price of the homes you should be targeting based on either your household income or the budget for your monthly payment. Likewise, if you’ve already identified a home you are interested in, this calculator will also assess the minimum household income required for the purchase price. Other factors that are measured to help understand your qualifications are estimated yearly property tax, monthly heating/utility expenses, and condo fees if applicable. All these factors coupled with the details of the loan terms and rates will give you a good idea of how much you can qualify for.
Calculate The Benefits Of Rental Income
Are you looking to purchase an investment property? Or simply want to balance your housing expenses with rental income? Use the rent vs buy calculator to account for rental income as well as after tax investment returns, appreciation, expected inflation, and future sales commission rates. This will calculate how long it will take to break even or how much of a difference the rental income will make on your personal budget. Understanding these numbers can make the difference for you being able to purchase your first home and begin to build equity.
