| Annual Family Income: |
Your gross income (before taxes). |
| Annual Property Taxes: |
The taxes for local services, which are either billed directly by your municipality or added to your monthly mortgage payment. |
| Monthly Heating / Condo Fees: |
The total of your monthly heating costs and half of any applicable monthly condo/maintenance fees. |
| Minimum Monthly Payments for Loans/Credit Cards: |
Minimum monthly payments on loans/credit cards. You should also include personal use property lease payments; alimony and any other legally required payments (at this point exclude other mortgages/secured credit lines etc.). |
| Monthly Secondary Financing Payment: |
The total monthly amount of all existing loans and mortgages that are or will be registered against the property you are financing/buying. Do not include the first mortgage that you are qualifying for now. For example: second mortgage or a secured line of credit. |
| Annual interest rate: |
The interest rate you would like to use for calculating your payment and amortization schedule. Enter the interest rate in a whole number format. |