Mortgage Center
	Maximum Mortgage Calculator
	Fill in all of the fields and press Results to see the max. mortgage and payment.
	1. Annual Family Income: $   2. Annual Property Taxes: (estimate) $   3. Monthly Heating Costs/Condo Fees: (estimate) $   4. Minimum Monthly Payments for Loans/Credit Cards: $   5. Monthly Secondary Financing Payment: $   6. Interest Rate:   %
	Maximum Mortgage  Monthly Payment
	This is a calculation tool, not an offer to lend. Interest rates shown are for demonstration purposes only. Actual market interest rates may vary. Payment calculators do not include Private Mortgage Insurance. PMI could be required by some Mortgage Companies based upon the mortgage amount requested.
	Help
	1. Annual Family Income Enter the total amount of annual family income you can prove. Enter gross income (before taxes). You must be able to prove your income, by one or more of: t-4 slips pay stubs employment letters financial statements tax assessment notices investment income documentation The proof required may depend on your specific circumstances. Minimum: $10,000 Maximum: $1,000,000 2. Annual Property Taxes Enter your estimated annual property taxes. These are the taxes for local services, which are either 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. If you are Pre Qualifying for a mortgage, please estimate the property taxes. Minimum: $100 Maximum: $50,000 3. Monthly Heating Costs/Condo Fees Enter the total of your monthly heating costs and half of any applicable monthly condo/maintenance fees. Ask your realtor or your builder to obtain the most likely amount for you, if you are not currently occupying the property. Don't underestimate the high cost of electric and oil heat (often double or triple the cost of natural gas). If you are Pre Qualifying for a mortgage, please estimate the amount. Minimum: $20 Maximum: $1,500 4. Minimum Monthly Payments for Loans/Credit Cards Enter your minimum monthly payments on loans/credit cards. You should also include personal use property lease payments; alimony and any other legally required payments (at this point exclude other mortgages/secured credit lines etc.). Minimum: $0 Maximum: $5,000 5. Monthly Secondary Financing Payment Enter the total monthly amount of all existing loans and mortgages that are or will be registered against the property you are financing/buying. Do not include the first mortgage that you are qualifying for now. For example: second or third mortgage, a secured line of credit. Minimum: $0 Maximum: $5,000 6. Interest Rate 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 Minimum: 2.0

Disclaimer

Calculators are provided as a free service to our visitors. No guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose. The result of this calculation should not be taken as a statement of one's credit-worthiness, but rather a general guideline of industry practices. Use of any calculator on this site shall constitute acceptance of the terms of this agreement.