MortgageHouse.ca - Mortgage Qualification Calculator

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Mortgage Qualification Calculator

Answer the questions and click the calculate button. Please note that these calculations are approximate. Your amount may vary depending on the lender chosen and current interest rates.

Personal Information
Personal Income #1
Personal Income #2
Total Annual Personal Income
Other Monthly Payments
Total Installment (loan/lease payments)
Total Revolving (credit cards, line of credit)
Total Annual Other Payments
Mortgage Details
Interest Rate
Amortization
Actual G.D.S.* (Don't fill this in)
Actual T.D.S.** (Don't fill this in)
Down Payment
Allowable G.D.S.* (Don't fill this in)
Property Details
Annual Taxes
Annual Heat
Annual Condo. Fees (only 50% will be used)
Total Property Costs

You qualify for a maximum monthly payment of:
You qualify for a maximum mortgage amount of:
* GDS ratio includes your annualized principal, interest, taxes, heat and 50% of the maintenance fee, if applicable, and it is expressed as a ratio of your gross yearly income. ** TDS ratio includes total other debts in addition to GDS. Note: For CMHC/GE insurance purposes, GDS is not to exceed 32%, and TDS 40%.

CENTURY 21 Dominion Realty Inc.
27 Armthorpe Road, Unit # 2, Brampton, Ontario, Canada L6T 5M4

Phone: 905-792-2121 • Fax: 905-792-7600 • E-mail: dvaraich@trebnet.com

"Danny Varaich, serving your real estate needs since 1973"

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