Mortgage Qualifier Calculator

The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow.  This is a rough guideline only.  I may be able to assist you in qualifying for a larger mortgage amount, so please contact me for further info and advice.  Also please note that this calculator is most accurate if you have a down payment of 20% or more of the purchase price.  If you do not have a down payment, please call me as I still have programs available if you do not have a down payment.  If you have a down payment of less than 20% of the purchase price, then this CMHC calculator will provide more accurate results.

Please do not hesitate to contact me so I can assist in answering all your questions.

warmest regards,

Lynda Smith

Home

Calculate based on:   Annual Income   Purchase Price   Total Monthly Payment
Annual Income:		Purchase Price:	$173,067.00
Total Monthly Payment:	$1,066.68	Cash On Hand:
Interest Rate:		Amortization in Years:	40 years 39 years 38 years 37 years 36 years 35 years 34 years 33 years 32 years 31 years 30 years 29 years 28 years 27 years 26 years 25 years 24 years 23 years 22 years 21 years 20 years 19 years 18 years 17 years 16 years 15 years 14 years 13 years 12 years 11 years 10 years 9 years 8 years 7 years 6 years 5 years 4 years 3 years 2 years 1 years
Annual Property Taxes:		Monthly Heat:
Total Debt Payments: $0.00		Total Closing Costs: $2,961.34
Monthly Car Payment(s):		CMHC Premium:	2.00% = $2,961.00
Credit Card Payment(s):		Other Closing Costs:
Other Loan Payment(s):
Condo Fees:
Monthly Payment Breakdown		Principal and Interest Paid
Principal Paid by Year		Use of Cash On Hand