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$
Min. required
Scenario 2
Scenario 3
Scenario 4
Down payment
%
$
%
$
%
$
%
$
CMHC insurance
$—
$—
$—
$—
= Total mortgage
$—
$—
$—
$—
Amortization
Mortgage rate
%
%
%
%
Payment frequency
= Mortgage payment
$—
per month
$—
per month
$—
per month
$—
per month
Affordability estimate (Scenario 1): a $—/month payment
suggests approximately $—/yr gross household income needed
(CMHC 32% rule).
Your Mortgage Expert
Cole Jones
Mortgage Advisor — Inlet Mortgage
Know your number before you start shopping. I work closely with Cole at Inlet Mortgage — a trusted local advisor who can walk you through pre-approval quickly and at no cost to you.
For educational purposes only. Calculations are estimates based on your inputs and standard Canadian semi-annual compounding rules. Actual mortgage rates, terms, and payments will vary based on lender requirements and individual qualifications. CMHC insurance premiums and minimum down payment rules are subject to change — verify current requirements with a licensed mortgage professional. This calculator does not constitute financial or mortgage advice.