RMC Pro with Municipalities

This is a custom calculator constructed to meet a customer’s specifications. It uses only the core functionality of RMC Pro to validate input and generate added costs. Custom set up is simple and calculator settings are easy to share. Contact me for help creating your calculator or request a quote for a custom set up.

  • Down Payment limited to minimum 5% of the purchase price, or 20% if purchase price is above $1,000,000
  • Interest Rate between 0.00% – 30.00%
  • Mortgage Amortization between 5 and 40 years. Maximum of 25 years if down payment is less than 20% of purchase price
  • Select Municipality to set tax rates
  • Inspection: flat price $400
  • Notary Fees: flat price $1200
  • Transfer (Welcome) tax ( Marginal Rate. 0 – $50,000 = 0.5%, $50,000 – $250,000 = 1.0%, $250,000 – unlimited = 1.5% )
  • School Tax: $0.18839 per $100 of purchase price
  • CMHC Mortgage Insurance ( Rate base on LTV: 0 – 80.00 = 0, 80.01 – 85.00 = 1.80%, 85.01 – 90.00 = 2.40%, 90.01 – 95.00 = 3.60%, 95.01 – 100.00 is disallowed by minimum down payment )

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