Affordability

Your guide to understanding home ownership costs and financial planning.

1: Home Affordability Assessment

  • Credit score rating

woman signing on white printer paper beside woman about to touch the documents
woman signing on white printer paper beside woman about to touch the documents
  • Stable Lifestyle Job/Location

  • Down Payment

  • Closing Costs ~ 2% of purchase price

  • Maintance Costs ~ 1% of purchase price

  • Mortgage Pre-Approval

2: Home Ownership Costs

  • Mortgage

banknotes
banknotes
  • Mortgage Protection Insurance/Life Insurance

  • Mortgage Loan Insurance

  • Home Insurance

  • Utilities

  • Property Taxes

  • Condo Fees

3: Financial Advisors

  • Investments

person holding pencil near laptop computer
person holding pencil near laptop computer
  • Help Build Emergency Fund

  • Tax Planning

  • Life Insurance

  • Debt MGMT

  • Government programs

4: Purchasers on work permit

  • Valid work permit

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person walking holding brown leather bag
  • Min 183 days remaining on work permit

  • Residency proof

  • Single property purchase

5: Affordability calculator

  • Total monthly house costs

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black Android smartphone
  • Total monthly debt costs

  • Gross annual income

  • Federal stress test

  • Fill out form below to get your results

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