Team Rice

TEAM RICE

Cell: 250.342.5935
Office: 250.342.5599
Fax: 866.243.8954

Questions?

contact us

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


How much Columbia Valley home can you afford?  Our online mortgage calculator will help you determine:

  • loan amounts
  • mortgage qualification
  • affordability
  • 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:  $
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:  %


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 Royal Lepage Rockies West Realty
 Rockies West Realty
 "Independently Owned and Operated"

492 Highway 93/95, Invermere, BC V0A1K0 

DK Rice  (250) 342-5935 Cell 
Representative

Rob Rice (250) 341-5935 Cell
Unlicensed Assistant

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