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