HELPFUL TOOLS
Mortgage Rates
Keep up on the latest mortgage rates using this convenient chart and calculator from CANOE.
Amortization
Calculate your monthly payments over the length of your mortgage.
CMHC Summary
A summary of fees, terms and conditions applicable to CMHC's home ownership services.
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How Much Do You Need
Determining how much of a mortgage amount you are qualified for is in part determined by how much income you receive per month. To estimate how much you can afford, locate your estimated monthly mortgage payment in the chart below. The corresponding figure represents your required monthly income.
To calculate the amortization on your mortgage, use this chart.
Based on GDS Ratio of 30% Including Taxes
Monthly
Payment
|
Monthly
Salary
|
|
Monthly
Payment
|
Monthly
Salary
|
|
Monthly
Payment
|
Monthly
Salary
|
|
|
$350
|
$1167
|
|
$500
|
$1667
|
|
$750
|
$2500
|
$375
|
$1250
|
|
$525
|
$1750
|
|
$800
|
$2666
|
$400
|
$1333
|
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$550
|
$1833
|
|
$850
|
$2833
|
$425
|
$1417
|
|
$575
|
$1917
|
|
$900
|
$3000
|
$450
|
$1500
|
|
$600
|
$2000
|
|
$950
|
$3166
|
$475
|
$1583
|
|
$700
|
$2333
|
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$1000
|
$3333
|
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