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Saved
🏠
Eff. Price
$470,450
-3% off $485,000
💰
Payment
$2,353
25yr @ 4.2%
💼
Net Income
$7,000
/month
📈
Surplus
+$812
/month
🛡

Financial Health

— Year 1
Housing-to-Net
30.5%
Target: < 32%Pass
Needs-to-Net
52%
Target: < 50%Tight
Available to Save
11.6%
Target: > 20%Low
Property Type
Province
Mo

Mortgage

$2,425/mo
Asking Price
−Down Payment (10.0%)
+CMHC Insurance (3.10%)$13,532
=Mortgage Amount$450,032
Interest Rate
%
Amortization
yr
Fe

Fees

$530/mo
Condo Fees
Municipal Tax
School Tax
Cc

Closing Costs

$1,218 one-time
Cash Needed at Closing
Down Payment$48,500
+Closing Costs$1,218
Total Cash at Closing$49,718
Mortgage Payment
Condo Fees
Property Tax
Home Insurance
Total Monthly Expenses$4,494
⚡

Life Events

Impact shown in projection below
👶
BabyYear 1Ongoing
+$400/mo childcare · +$150/mo baby expenses
Impact: −$550/mo to surplus
🤱
Maternity LeaveYear 26 months
P2 income drops to 55% (QPIP) for 6 months
Impact: −$1,238/mo for 6 months
🚗
New CarYear 4Ongoing
Replace current car · +$150/mo to car payment
Impact: −$150/mo to surplus
📅

5-Year Projection

Includes life events impact
Year 1
Year 2
Year 3
Year 4
Year 5
Events
Baby
Mat. Leave
—
New Car
—
Net Income
$7,000
$6,512
$7,426
$7,649
$7,879
Total Expenses
$6,738
$6,862
$6,438
$6,717
$6,698
Monthly Surplus
+$262
($350)
+$988
+$932
+$1,181
Housing-to-Net
30.5%
32.8%
28.7%
27.9%
27.1%
Savings Rate
3.7%
(5.4%)
13.3%
12.2%
15.0%
Mortgage Balance
$411,802
$399,876
$387,614
$375,002
$362,024
Year 1Baby
Net Income$7,000
Total Expenses$6,738
Monthly Surplus+$262
Housing-to-Net30.5%
Savings Rate3.7%
Mortgage Balance$411,802
Year 2Mat. Leave
Net Income$6,512
Total Expenses$6,862
Monthly Surplus($350)
Housing-to-Net32.8%
Savings Rate(5.4%)
Mortgage Balance$399,876
Year 3—
Net Income$7,426
Total Expenses$6,438
Monthly Surplus+$988
Housing-to-Net28.7%
Savings Rate13.3%
Mortgage Balance$387,614
Year 4New Car
Net Income$7,649
Total Expenses$6,717
Monthly Surplus+$932
Housing-to-Net27.9%
Savings Rate12.2%
Mortgage Balance$375,002
Year 5—
Net Income$7,879
Total Expenses$6,698
Monthly Surplus+$1,181
Housing-to-Net27.1%
Savings Rate15.0%
Mortgage Balance$362,024