Property Calculator
Your First Steps
Towards Real Estate
From calculating the value of an investment property or simply wanting to find out your mortgage payment, this calculator is a tool that every person needs to get familiarized!
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Quick Startup Tip: Select from the possible answers that is best suited to your current situation. If you feel the answer you imputed is incorrect or you are just curious to want to view a different scenario, do not worry; you can always go back to the previous questions.
In the United-States, mortgage payments are compounded per payment, unlike in Canada where compounding is measured semi-annually.
The highest ever interest rate for a 5-year fixed term mortgage has been an all-time high of 21.75% in Canada in 1980.
Interest rates hit an all-time low in April 2009, being only 0.25%.
“Never depend on a single income. Make an investment to create a second source.”
“Rule No 1 is never lose money. Rule No 2 is never forget Rule No 1.”
“When it comes to money, save me today, and I will save you tomorrow.”
“You should surround yourself with people that believe in you, in life, and in business.”
"Your time is the greatest resource and one thing you can’t get back.”
"What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.”
"The secret to happiness is freedom… And the secret to freedom is courage.”
"Money doesn’t make me, I make the money.”
"Better to ask and be embarrassed than not to ask and never know.”
"I don’t want a lawyer to tell me what I cannot do. I hire him to tell me how to do what I want to do.”
Mortgage Balance = Owner’s Equity
Principal repayment increases through every mortgage payment.
Accelerated payments shorten your amortization. Over a 25-year period, you can save 2 to 4 years, pay less amount in interest, and consequently repay your principal quicker.
Deducting interest payments from your income is a tax-deductible expense, reducing your tax liability.
“The happiness of your life depends upon the quality of your thoughts.”
“Judge a question by their questions, not by their answers.”
“Those on top of the mountain didn’t fall there from the sky.”
“You miss 100% of the shots if you don’t take any”
