Mortgage Info

 

 

We'd love to help you out!

 

Mortgage Qualification is one of the most important parts of buying a home. The Hilson Team is your source for mortgage info and mortgage services in Milton, Ontario. The Hilson Team mortgage calculator can help you gather valuable mortgage information to guide your home buying experience.
 

 

By using the calculator below, you can determine an estimate of your mortgage. This information is a crucial part of the home buying process. Knowing your budget and what you want to spend will help you narrow your search and target the homes you can afford.


Contact The Hilson Team today to discuss mortgages and your family’s unique home buying needs. The team is happy to answer any of your questions and help you find your next home. 

                                   


Mortgage Calculator

Please complete and submit the following Online Home Evaluation form. The more information given, the more accurate the evaluation. All information you provide is secure and will be kept strictly confidential.

To provide a more detailed Comparative Market Analysis, we would be more than happy to also assess your listing in person.

 

Required Fields
   
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Estimate Insurance to of Cost
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Estimate Tax to of Cost
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Optional Fields
   
   
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Results
Receive Detailed Analysis  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)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %