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Maximum Mortgage Calculator

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Calculate the maximum mortgage amount you qualify for based on your income. A great tool for buyers.
Fill in the blanks below. Click the "Calculate" button when you are finished.
If you require assistance, select the button.
Annual Family Income:<h3>Annual Family Income</h3><div>Enter your total gross annual family income. You must be able to prove your income, by one or more of:</div><ul> <li>T-4 slips</li> <li>Pay stubs</li> <li>Employment letters</li> <li>Financial statements</li> <li>Tax assessment notices</li> <li>Investment income documentation</li> </ul> <p>The proof required may depend on your specific circumstances.</p> <div>Minimum: $10,000</div> <div>Maximum: $1,000,000 </div>
Annual Property Taxes: (estimate)<h3>Property Tax</h3><p>Enter your estimated annual property taxes. These are the taxes for local services, as billed directly by your municipality OR added to your monthly mortgage payment. You may find this amount on a property listing, it may be estimated by the builder, or indicated by the local municipality.</p> <p>If you are pre-qualifying for a mortgage, please estimate the property taxes.</p> <div>Minimum: $100</div><div>Maximum: $50,000</div>
Monthly Heating Costs/Condo Fees: (estimate) <h3>Heat and Condo Fees</h3> <p>Enter your total monthly heating costs and half of any applicable monthly condo/maintenance fees.</p> <p>If you are not currently occupying the property, ask your realtor or your builder to obtain the most likely amount for you.</p> <p>If you are pre-qualifying for a mortgage, please estimate the amount.</p> <div>Minimum: $20</div><div>Maximum: $1,500</div>
Minimum Monthly Payments for Loans/Credit Cards: <h3>Loans/Credit Cards</h3> <p>Enter your minimum monthly payments on loans, credit cards, and the like. You should include personal use property lease payments, alimony, and any other legally required payments. At this point exclude other mortgages and/or secured credit lines.</p> <div>Minimum: $0</div><div>Maximum: $5,000</div>
Monthly Secondary Financing Payment: <h3>Secondary Financing Payment</h3> <p>Enter the total monthly amount of all existing loans and mortgages that are or will be registered against the property you are financing/buying. For example: a second or third mortgage, a secured line of credit.</p> <p>Do not include the mortgage you are now qualifying for.</p> <div>Minimum: $0</div><div>Maximum: $5,000</div>
Interest Rate: (view rates) <h3>Interest Rate</h3> <p>Enter the interest rate you would like to use for calculating your payment and amortization schedule. Enter the interest rate in a whole number format. For example: 4.56 NOT .0456</h3> <div>Minimum: 2.0</div><div>Maximum: 25.0</div>
Information is provided for sample purposes only. MortgageBrokers.com does not guarantee its accuracy. Information should be verified and should not be relied upon as legal, financial, or other advice.

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