Mortgage Calculator

Purchase Price: $

Interest Rate:   %

Taxes:           $/ yr

Condo Fees: $/ yr

Amortization: 

 

Enter the required information in the yellow boxes and click the "Calculate Now" to determine the monthly payment and the income required to qualify. For down payment less than 20%, maximum amortization is 25 years.
Down Payment:$
Percent Down:  

  

        

              

First Mortgage:$
CMHC/GE Premium: $
Total Financing:$
Monthly  Payment: $
Taxes/Condo Fee: $

Total Payment: $
Income Required:$

 

 

Disclaimer: By using this calculator the user acknowledges the following: 1) The calculator is for illustrative purposes only and in no way represents a credit approval. 2) Calculations are based on user input and the author, distributor(s) and advertisers share no liability for the accuracy of the calculations. 3) Insurer premium are subject to change and may not be accurately reflected in the calculator. 4) The income required figure is a guideline and the user should seek a pre-approval to verify their ability to qualify for a mortgage. Income required is calculated based on a Gross Debt Servicing ratio of 32%. Actual income to can vary based on individual debt levels and credit scores.