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INCOME QUALIFIER CALCULATOR
LET’S FIND OUT YOUR MAXIMUM MORTGAGE AMOUNT.
For an accurate maximum mortgage amount that you qualify for, please talk to one of our expert mortgage advisor today.
Your Income Details
Household Income
Interest Rate
Amortization*
* A down payment greater than 20% of the property price is required for an amortization period of more than 30 years.
Gross Debt Service Ratio
The Gross Dept Service Ratio(GDS) looks at your proposed new housing costs (mortgage payments, taxes, heating costs, and 50% of condominium fees, if applicable) in relation to your income. Generally speaking, this amount should be no more than 32% of your gross monthly income.
Max Housing Expenses
$2,666.67
Monthly Expenses
Max Mortgage Payment
$2,416.67
Property Tax
Condo Fees
Utilities
Other
Down Payment
Down Payment
$44,780.35
Max Mortgage
$403,023.13
Insurance Fee
$12,493.72
Home Purchase Price
$447,803.47
Income & Expenses
| Net Income | |
| Mortgage | |
| Property Taxes | |
| Utilities | |
| Condo Fees | |
| Other |
