Viewpoint Calculations - Calculate Monthly Cost for Home Price
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Extension summary
A simple Chrome extension to do quick monthly calculations and insert them in cutsheets on https://www.viewpoint.ca
Options
Downpayment (%) - The percentage downpayment you would like to make. Interest Rate (%) - Your expected interest rate Property Tax Rate (%) - The tax rate in the municipality you expect to buy Amoritization Period - The number of years you expect your amoritization period to be Estimated Monthly Utilities (optional) - The dollar amount of your expected monthly utility costs, such as heating, electricty, internet, etc. Current Monthly Costs (optional) - Enter your current total monthly living expenses to quickly see the difference from your expected monthly costs Use Assessed Value - When calculating monthly property tax numbers the extension uses the Tax Assessed value on the cutsheet. If this value may be inaccurate, unchecking this box will instead use the sale price to calculate property taxes. This is useful for new construction, where the assessed value on the cutsheet may be the value of the land, or for partial completion of the house Notes
Mortgage calculations take into account CMHC default insurance rules and limits on downpayments.
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Risk impact
Viewpoint Calculations requires very minimum permissions.
Risk likelihood
Viewpoint Calculations has earned a fairly good reputation and likely can be trusted.
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