Answer the questions listed below. If you require assistance, click the "Help" buttons on the right. Click the red "Compute Maximum Mortgage & Payment" button when you are finished.
1. Annual Family Income:
(10 000 - 1 000 000)
help
2. Annual Property Taxes: (estimate)
(100 - 50 000)
3. Monthly Heating Costs/Condo Fees: (estimate)
(20 - 1 500)
4.Minimum Monthly Payments for Loans/Credit Cards:
(0 - 5 000)
5.Monthly Secondary Financing Payment:
6. Interest Rate: (view rates)
(2 - 25)
Compute Maximum Mortgage & Payment
Maximum Mortgage
Monthly Payment
Information is provided for sample purposes only. Its accuracy is not guaranteed. Information should be verified and should not be relied upon as legal, financial, or other advice.
Back to Mortgage Calculators Menu Help for: Annual Family Income Enter your total gross annual family income. You must be able to prove your income, by one or more of: · T-4 slips · Pay stubs · Employment letters · Financial statements · Tax assessment notices · Investment income documentation The proof required may depend on your specific circumstances. Minimum: $10,000 Maximum: $1,000,000 back to top Help for: Property TaxEnter your estimated annual property taxes. These are the taxes for local services, as billed directly by your municipality OR added to your monthly mortgage payment. You may find this amount on a property listing, it may be estimated by the builder, or indicated by the local municipality.If you are pre-qualifying for a mortgage, please estimate the property taxes.Minimum: $100Maximum: $50,000 back to top Help for: Heat and Condo FeesEnter your total monthly heating costs and half of any applicable monthly condo/maintenance fees.Ask your realtor or your builder to obtain the most likely amount for you, if you are not currently occupying the property.If you are pre-qualifying for a mortgage, please estimate the amount.Minimum: $20Maximum: $1,500 back to top Help for: Loans/Credit CardsEnter your minimum monthly payments on loans/credit cards. You should include personal use property lease payments; alimony and any other legally required payments (at this point exclude other mortgages/secured credit lines etc.).Minimum: $0Maximum: $5,000 back to top Help for: Secondary Financing PaymentEnter the total monthly amount of all existing loans and mortgages that are or will be registered against the property you are financing/buying. For example: a second or third mortgage, a secured line of credit.Do not include the mortgage you are now qualifying for.Minimum: $0Maximum: $5,000 back to top Help for: Interest RateEnter the interest rate you would like to use for calculating your payment and amortization schedule. Enter the interest rate in a whole number format. For example: 4.56 NOT .0456Click on the link (view rates) in the calculator to see all our current interest rates.Minimum: 2.0Maximum: 25.0 back to top
Back to Mortgage Calculators Menu
Help for: Annual Family Income Enter your total gross annual family income. You must be able to prove your income, by one or more of:
· T-4 slips
· Pay stubs
· Employment letters
· Financial statements
· Tax assessment notices
· Investment income documentation
The proof required may depend on your specific circumstances. Minimum: $10,000 Maximum: $1,000,000 back to top Help for: Property TaxEnter your estimated annual property taxes. These are the taxes for local services, as billed directly by your municipality OR added to your monthly mortgage payment. You may find this amount on a property listing, it may be estimated by the builder, or indicated by the local municipality.If you are pre-qualifying for a mortgage, please estimate the property taxes.Minimum: $100Maximum: $50,000 back to top Help for: Heat and Condo FeesEnter your total monthly heating costs and half of any applicable monthly condo/maintenance fees.Ask your realtor or your builder to obtain the most likely amount for you, if you are not currently occupying the property.If you are pre-qualifying for a mortgage, please estimate the amount.Minimum: $20Maximum: $1,500 back to top Help for: Loans/Credit CardsEnter your minimum monthly payments on loans/credit cards. You should include personal use property lease payments; alimony and any other legally required payments (at this point exclude other mortgages/secured credit lines etc.).Minimum: $0Maximum: $5,000 back to top Help for: Secondary Financing PaymentEnter the total monthly amount of all existing loans and mortgages that are or will be registered against the property you are financing/buying. For example: a second or third mortgage, a secured line of credit.Do not include the mortgage you are now qualifying for.Minimum: $0Maximum: $5,000 back to top Help for: Interest RateEnter the interest rate you would like to use for calculating your payment and amortization schedule. Enter the interest rate in a whole number format. For example: 4.56 NOT .0456Click on the link (view rates) in the calculator to see all our current interest rates.Minimum: 2.0Maximum: 25.0 back to top
