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Mortgage Qualifier  

Check your mortgage qualification maximum at different mortgage rates.

Asking Price: $ Heating: $ /year
Interest Rate: % Taxes: $ /year
Amortization: Condo Fees: $ /year
  GDS: %


Percent Down:
Down Payment: $ $ $
First Mortgage: $ $ $
CMHC/GE: $ $ $
Total Financing: $ $ $
(Monthly) P&I: $ $ $
Expenses: $ $ $
Total Payment: $ $ $
Income Req.: $ $ $
 

Income may not be necessary to qualify. Please call us for a personal consultation.

  1. Mortgage Ratio (also called GDS) is the ratio of the official monthly cost associated with the purchase (gas, hydro-electric and water, taxes, mortgage and condo fees) to your monthly income. The maximum ratio is currently regulated at 32%.
  2. Taxes in Toronto and the GTA are approximately 1.35% for homes and 1% for condos - although there are many factors that can raise or lower this amount for a given area of the city. Please contact MPAC or your municipal government office for more information.

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