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Mortgage
Qualifier
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Estimate the maximum value of
a
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house you may qualify for
based
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on your income and debts.
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Monthly Income
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Gross monthy income
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$
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Monthly Payments
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Monthly debt payments
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$
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Monthly property taxes
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$
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Monthly condo fees
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$
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Monthly heating costs
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$
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Mortgage Details
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Mortgage interest rate
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%
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Amortization (years)
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Yrs
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Down payment ($)
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$
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Down payment (%)
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Maximum House Price
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Down Payment
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Mortgage Amount
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Monthly Mortgage Payment
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Mortgage Insurance
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Assumptions'
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If your down
payment is less than 20%, mortgage insurance is calculated
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based on CMHC
(Canada Mortgage & Housing Corporation) rates for
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mortgage loan
insurance. The mortgage insurance can be paid as a
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single lump sum or
it can be added to your mortgage and included in
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your monthly
payments. The insurance is shown separately in this
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calculator and has
not been included in the Maximum House Price
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and Mortgage Amount
figures.
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Disclaimer
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This calculator is
for illustrative purposes only. The calculations are based
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on the
accuracy and completeness of the data
you have entered. This
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calculator does not
have the ability to pre-qualify you for any mortgage loan.
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Qualification for a
mortgage may require additional information such as a
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credit rating which
is not gathered in this calculator. You should not rely on
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the results as an
indication of your financial needs and we recommend that
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you seek out your
own legal, accounting, tax or professional advice.
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by Ativa.com
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