Colleen Herauf

This calculator will help you get a quick estimate of what type of house payment and loan amount you can afford based on your current total monthly income and debt payments. Fill in the following information and click the Calculate button for results.

Monthly Income:
Monthly Debt Payments (include credit cards):
Interest Rate:

	15yr Loan	30yr Loan
You may qualify for a mortgage payment of:
You may qualify for a loan amount of:

Note:
This calculator is intended for informational purposes only and we are not responsible for any errors in calculations. This calculator may use certain assumptions that may not apply to your specific case. The calculator is not meant to be used as the basis for any savings, expense, investment, or other financial decision.

Mortgage Calculator

This calculator will help you get a quick estimate of what your mortgage payment will be based on interest rate and principle. Fill in the following information and click the Calculate Now button for the results.

Note: This calculator is intended for informational purposes only and we are not responsible for any errors in calculations. This calculator may use certain assumptions that may not apply to your specific case. The calculator is not meant to be used as the basis for any savings, expense, investment, or other financial decision.

Rent Vs. Buy Calculator
This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.
Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage´s annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner´s insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
Provincial plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
Realtor commission rate (%):

Total estimated cost of renting:
Total estimated cost of buying:

Real Estate Professionals Inc., 202, 5403 CROWCHILD TRAIL N.W. Calgary, AB, T3B 4Z1

Data supplied by CREBŽ’s MLSŽ System. CREBŽ is the owner of the copyright in its MLSŽ System. The Listing data is deemed reliable but is not guaranteed accurate by CREBŽ. The trademarks MLSŽ, Multiple Listing ServiceŽ and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. The trademarks REALTORŽ, REALTORSŽ, and the REALTORŽ logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.