Canadian Mortgage Payment Input Home Value ($) Loan Amount ($) Property Information Interest Rate (%) Length of Loan (Yrs) Results Monthly Principal & Interest: $1,050.62 Down Payment: $40,000 Required Down Payment: $47,500 Income Required: $39,398.39 Instructions This calculator figures your monthly payment based on your input - conventional mortgage financing compounded semi-annually. The maximum GDSR and TDSR are 32% and 40% respectively. Calculation assumes all non-shelter financial obligations will not exceed an additional 8% of the required household income. Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts.