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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.

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