This calculator will help you to calculate the monthly payments and income required for a mortgage of a particular amount. It will provide a breakdown of the monthly expenses, the interest amounts, as well as extra expenses.

Refer to the Bank of Canada for the latest interest rates.

* BOLD TEXT denotes a required field

ASKING PRICE OF NEW HOME
INTEREST RATE
YEARS AMORTIZATION
DOWN PAYMENT
GROSS DEBT SERVICE RATIO (%)
ANNUAL PROPERTY TAXES
ANNUAL HEATING COSTS
MONTHLY CONDO FEES
DOWN PAYMENT
MORTGAGE / LOAN AMOUNT
CMHC / GE PREMIUM
TOTAL FINANCING
MONTHLY MORTGAGE PAYMENT (PRINCIPAL & INTEREST)
EXPENSES
TOTAL MONTHLY PAYMENTS
APPROXIMATE ANNUAL INCOME REQUIRED
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