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Norm & Teri Lynn Hilson Broker Sales Rep

345 Steeles Ave, East
Milton, Ontario, L9T 3G6

Use The Hilson Team’s real estate calculator and real estate services in Milton, Ontario, to determine your expenses during the home buying process. Knowing your budget is a crucial part of selecting and purchasing a new home. Using the real estate calculator can help you make the best decision for your family and your wallet.

Calculate your insurance and property taxes by using your price range and estimated down payment. This information can help you select homes in the right price range and look ahead to what you will be paying in the future. Knowledge is power, and The Hilson Team wants their customers to be armed with the right information as they embark on their real estate search.

Contact The Hilson Team today to discuss mortgages, property taxes, and home insurance based on your budget. They are happy to help you find the perfect home while staying within your budget.

How Much Can You Afford?

Our calculator 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:  $
  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)
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

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