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Mortgage Qualifier Calculator

The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Note that mortgage qualifying rates are set periodically by the Bank of Canada - contact your Mortgage Advisor for current qualifying rules.

Calculate based on: Annual Income Purchase Price Total Monthly Payment
Annual Income:		Purchase Price:	$118,430.00
Total Monthly Payment:	$933.33	Cash On Hand:
Interest Rate:		Amortization in Years:
Annual Property Taxes:		Monthly Heat:
Total Debt Payments: $400.00		Total Closing Costs: $800.00
Monthly Car Payment(s):		CMHC Premium:	0% = $0.00
Credit Card Payment(s):		Other Closing Costs:
Other Loan Payment(s):		Is this a new home?	Check For GST
Condo Fees:

Monthly Payment Breakdown		Principal and Interest Paid
Principal Paid by Year		Use of Cash On Hand