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Mortgage Qualifying Income Calculator

This calculator is only a guide. It is designed to help you work out your borrowing power based on your current financial position.  The calculation uses your Debt Servicing Ratio, which is found by dividing your total monthly payments by your total monthly income.  Check with a mortgage lender for specific requirements and qualifications.

  1. Enter your income and expenditures.
  2. Choose your loan details.
  3. Click once on the "Calculate" button to calculate your result.

 

INCOME
   
Total Monthly Salary and Wages: $
Other Monthly Income: $
   
EXPENDITURES
   
Monthly Loan Payments $
Monthly Credit Card Payments $
Other Monthly Payments $
   
LOAN DETAILS
   
Term of Loan   years
Annual Interest Rate   %


   
RESULTS  
This is only a guide. Contact a mortgage lender
before proceeding with your mortgage process.
You can borrow: $
Your monthly mortgage payments will be: $