Your details
Gross annual income
Gross annual income
Your total yearly income from all sources, before taxes and other deductions.
Monthly home expenses
Heating costs
Heating costs
Include the average amount you think you will spend to heat your new home each month.
Property taxes
Property taxes
Divide your estimated annual property taxes on the new home by 12 and enter that amount.
Condo fees (if applicable)
Condo fees
If the condo fees cover heating or taxes, do not enter these amounts above.
Other expenses
Other expenses
Include the average monthly amount of all other costs to run the new home, such as electricity, water, garbage collection and maintenance.
Monthly debt payments
Monthly debt payments
Total monthly payments including principal and interest on a car loan/lease, personal loan/line of credit, credit cards and other monthly debt obligations.
Vehicle loans/leases
Vehicle loans/leases
A total of the monthly fixed vehicle loan/lease payments.
Personal loans
Personal loans
A total of the monthly personal loan payments, which include principal and/or interest.
Line of credit
Line of credit
A total of the monthly line of credit payments, which include principal and/or interest.
Minimum Credit Card Payments
Minimum Credit Card Payments
A total of the minimum monthly credit card payments.
Other debts
Other debts
A total of fixed monthly debt payments to any creditor for purposes other than those described above, including alimony and child support.
Down payment amount
Down payment amount
The lump-sum amount you will pay up front towards the home.
We only offer insured mortgage rates and terms for down payments that are less than 20%.
We only offer insured mortgage rates and terms for down payments that are at least 5%.
For down payments of 20% or more, we only offer conventional mortgage rates and terms.
For down payments less than 20%, we only offer insured mortgage rates and terms.
Debug affordability mortgage numbers:
Name
Normal calculation
CHMC adjusted
Affordable Mortgage PVT
0$
0$
Affordable Mortgage PM19
0$
0$
Affordable Mortgage MIN
0$
0$
Your results
YOUR MAXIMUM PURCHASE PRICE
$99,999,999
Book an appointment
Monthly
payment
$9,999
Based on a mortgage of
$99,000,000
Change
Rate and term
9.999%
5
year
custom
conventional
insured
term, over
25
years
Change
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Mortgage
Expenses
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Maximum purchase price
$0
Down payment
$0
/
$0
Mortgage principal
$0
Total mortgage amount
$0
Default insurance (est.)
Default insurance (est.)
An estimated cost for mortgage default insurance is included when the down payment is less than 20%.
$0
Total monthly expenses
$0
Mortgage payment
$0
Housing expenses
$0
Monthly debt
$0
Compare payment options
See how changing your payment frequency can help you pay your mortgage down faster.
Payment
frequency
Payment
amount
Amortization
in years
Monthly
$0
0
Semi-monthly
$0
0
Bi-weekly
$0
0
Weekly
$0
0
Accelerated
bi-weekly
$0
0
Accelerated weekly
$0
0
Change your payment frequency
Select a payment frequency that best suits your budget and pay schedule.
Payment frequency
Payment frequency
Making more frequent payments can help you pay off your mortgage faster. Accelerated payments help you pay it off even faster.
Monthly
Semi-monthly
Bi-weekly
Weekly
Accelerated bi-weekly
Accelerated weekly
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Change amortization, term, rate
Amortization
Amortization
The length of time you have to repay your mortgage in full.
5 years
10 years
15 years
20 years
25 years
30 years
Term
Term
The amount of time your mortgage contract is in effect, at the specified interest rate.
7.190% - 1 Year - Insured
6.890% - 2 Years - Insured
6.590% - 3 Years - Insured
6.390% - 4 Years - Insured
5.890% - 5 Years - Insured
7.540% - 1 Year - Conventional
7.040% - 2 Years - Conventional
6.840% - 3 Years - Conventional
6.740% - 4 Years - Conventional
6.540% - 5 Years - Conventional
Custom - 1 Year
Custom - 2 Years
Custom - 3 Years
Custom - 4 Years
Custom - 5 Years
⚠
Conventional terms are not available with down payments of less than 20%. Select an Insured or Custom term.
Insured terms are not available with down payments of 20% or more. Select a Conventional or Custom term.
Custom
Interest
rate
Interest rate
Interest rates available
from Your Neighbourhood Credit Union
for the selected term are shown.
You can also enter a different rate as a custom rate.
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Are you sure?
Down payment amounts under 20% will not qualify for a conventional rate.
Click continue to keep your down payment amount and be switched to an insured rate or click cancel.
Down payment amounts above 20% will not qualify for an insured rate.
Click continue to keep your down payment amount and be switched to a conventional rate or click cancel.
Down payment amounts under 5% will not qualify for a mortgage.
Click continue to keep your non qualifying down payment amount or click cancel.
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