Saved
Inputs
Income
$
$
Property
$
$
20.0% of price
Mortgage
Stress test: 6.99%
Net monthly surplus
—
—
Mortgage payment
—
—
One-time to close
—
LTT + legal + moving
Total mortgage
—
—
Net monthly income
—
combined take-home
Total monthly expenses
—
housing + living
CMHC insurance required.
Monthly cash flow
Net income—
Mortgage—
Property tax—
Home insurance—
Utilities—
Maintenance (1% p.a.)—
Living expenses—
Surplus / (deficit)—
Lending ratios
GDS (max 39%)
——
TDS (max 44%)
——
Stress test (OSFI B-20)
Stress GDS
——
Stress TDS
——
Equity build (annual)
Person 1 net / month
—
—
Person 2 net / month
—
—
Combined net / month
—
take-home
Surplus after housing
—
—
Person 1 Employed
—%
AUTO
%
—%
AUTO
%
—%
AUTO
%
Person 1 excluded from income calculation.
Gross income—
Less CPP—
Tax rate applied—
Additional streams—
Net monthly—
Person 2 Self-employed
—%
AUTO
%
—%
AUTO
%
—%
AUTO
%
Person 2 excluded from income calculation.
Net business income—
Less CPP—
Tax rate applied—
Additional streams—
Net monthly—
Savings & investments
Person 1
Person 2
Person 1 total
—
Person 2 total
—
Total liquid net worth
—
House price
—
—% down
Total mortgage
—
—
Monthly payment
—
+ —/mo tax
One-time to close
—
LTT + closing costs
Mortgage breakdown
House price—
Down payment—
Down payment %—
Mortgage principal—
CMHC rate—
CMHC premium—
Total mortgage (incl. CMHC)—
Effective monthly rate—
Monthly payment—
Total interest (lifetime)—
Annual property tax—
Monthly—
Land transfer tax
Ontario LTT—
Toronto city LTT—
First-time buyer rebate—
Net land transfer tax—
—
Closing costs
Total one-time costs—
Total housing / month
—
mortgage + tax + utils
Living expenses / month
—
— items
Total expenses / month
—
—% of net income
Surplus / (deficit)
—
after all expenses
Housing (auto-calculated)
Mortgage payment—
Property tax—
Maintenance reserve—
Fixed monthly
Living expenses
Total living expenses—
Total mortgage
—
Monthly payment
—
Total interest paid
—
Interest as % of purchase
—
Break-even year (50% equity)
—
Effective monthly rate
—
Principal vs interest — first year
Principal paid
—
Interest paid
—
Equity vs balance — mid-point
Equity built
—
Balance remaining
—
Annual amortization schedule
Yr Opening balance Annual payment Principal Interest Closing balance Interest % Equity