My Scenarios/

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
Asking Price
Purchase Discount
%
Effective Price$470,450
Down Payment
%
Down Payment Amount$47,045
CMHC Insurance (3.10%)$13,126
QC Tax on CMHC (9%)$1,181
Mortgage Amount$436,531
Interest Rate
%
Amortization
yr
Monthly Payment$2,353/mo
Total Closing Costs$0one-time
Cash Needed at Closing
Down Payment$47,045
+Closing Costs$0
Total Cash at Closing$47,045
P1

Partner 1

$4,250/mo net
Gross Annual
Net Annual
Net Monthly$4,250
Annual Growth
%
P2

Partner 2

$2,750/mo net
Gross Annual
Net Annual
Net Monthly$2,750
Annual Growth
%
Combined Net Monthly$7,000
💳

Monthly Expenses

$4,494/mo
Mortgage Payment
Condo Fees
Property Tax
Home Insurance
Total Monthly Expenses$4,494
⚡

Life Events

Events affect the projection above
👶 Baby🤱 Mat. Leave🚗 New CarYear 1Year 2Year 3Year 4Year 5
👶
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