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Canadian Mortgage Payment |
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Results |
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Monthly Principal & Interest: |
$1thousands_sep050.62 |
Down Payment: |
$40thousands_sep000 |
Required Down Payment: |
$47thousands_sep500 |
Income Required: |
$39thousands_sep398.39 |
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Instructions |
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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.
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Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts. |