Mortgage Qualifier

Mortgage Qualifier Calculator

The first step in buying a house is determining your budget. Use this calculator to look at what income you need to qualify for the home you want. Note that mortgage qualifying rates are set periodically by the Bank of Canada (usually approximately 2% above 5 year fixed rate) - contact your Mortgage Advisor for current qualifying rules and mortgage advice.

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Calculate based on:         
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?
Condo Fees: