Affordability Calculator
Your Saving & Your Ideal House
Based on a purchase price of $21,000, here’s what your mortgage loan payment, other housing costs and available cash would be:
Mortgage loan payment
$114/mo
$114 per month based on a mortgage loan of $20,736
5 year closed 4.69% over 30 years
Includes optional TD Credit Protection of $7/mo
Other housing costs
$33/mo
Includes property taxes, heating, condo fees (when they apply) and house maintenance. You can add in utilities and property insurance for a more accurate total monthly estimate.
The maximum amortization period available is 30 years. Since your down payment is less than 20% of the home value, mortgage default insurance is required. The premium amount can be added to the mortgage amount and will then become part of your ongoing regular payments.
If you change your down payment to more than 20%, mortgage default insurance may still be required in certain circumstances.
If the home value is less than $500,000, you must have at least 5% for a down payment. If the home value is between $500,000 and $1,499,999.99, you must have at least 5% for the first $500,000 and 10% for the remaining amount.
If you change your down payment to more than 20%, mortgage default insurance may still be required in certain circumstances.
If the home value is less than $500,000, you must have at least 5% for a down payment. If the home value is between $500,000 and $1,499,999.99, you must have at least 5% for the first $500,000 and 10% for the remaining amount.
Summary:
Property type:
Debt payment: $/mo
Location:
Down payment: $
Income: $/mo
Property type:
Debt payment: $/mo
Location:
Down payment: $
Income: $/mo
