Required Income Calculator
Required Income.
Enter your mortgage amount and monthly obligations. This tells you the minimum household income needed to qualify, with the stress test already factored in.
Home Expenses
To calculate a more realistic required income, enter your expected monthly carrying costs.
Property Tax
50% included per CMHC rules
Rate
Fixed stays the same for the term. Variable moves with prime.
5.25%
Amortization
The total time to pay off your mortgage. New mortgages in Canada typically start at 25 or 30 years.
Affordability Level
This slider adjusts how much of your income goes toward mortgage payments, home expenses, and debt. Baseline is conservative. Standard is what most lenders use.
Required Income
$122,729
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