Barry Benson

BARRY BENSON

Cell: 250.342.5809
Office: 250.342.5599
Toll Free: 888.322.8833
Fax: 866.457.8582

Questions?

contact me

INVERMERE OFFICE

Office: 250.342.5599
Toll Free: 888.322.8833
Fax: 866.415.6765

492 Highway 93/95
(next to Tim Hortons)
Invermere, BC V0A 1K2


Calculators

Let us help you find out what you can afford! Our mortgage calculators will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.


You may also wish to determine the maximum mortgage that you qualify for, or you can directly compare various mortgage payment options.


Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your 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:  $
Results
  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:  %

INVERMERE OFFICE

Office: 250.342.5599
Toll Free: 888.322.8833
Fax: 250.342.5559
492 highway 93/95
(beside Tim Hortons)
Invermere, BC VOA 1K2

FAIRMONT OFFICE

Office: 250.345.4000
Toll Free: 866.345.4004
Fax: 250.345.4001
5005 Fairmont Resort Road
Fairmont Hot Springs, BC VOB 1L1

Royal LePage Rockies West Realty


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