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Canadian Mortgage Payment
Input

Home Value ($)
Loan Amount ($)
Property Information

Interest Rate (%)
Length of Loan (Yrs)

Results
Monthly Principal & Interest: $1thousands_sep050.62
Down Payment: $40thousands_sep000
Required Down Payment: $47thousands_sep500
Income Required: $39thousands_sep398.39

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.
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