This calculator is a super simple quick tool to give you a basic sense of how much you could qualify for.
Enter your income, and voila… maximum mortgage amounts will appear.
About this Calculator:
Does this calculator take into account my consumer debt?
This calculator assumes you have good credit (680+ credit scoring) and no consumer debt.
Does this Calculator Factor In Rental Income from a Potential Rental Suite?
Yes, just add the annual potential rental income to your annual income and this should be provide you with a decent sense of your qualifying ability.
I don’t have much income, but I have significant net worth. Should I rely on this calculator?
Not all mortgages are qualified strictly with income. You may be able qualify under a net worth program. Talk to one of our amazing humans for more info.
How Accurate is This Calculator?
It’s pretty… pretty… good.
BUT it does err on the conservative side of things and doesn’t factor in consumer debt or multiple property type scenarios.
Talk to one of our amazing humans before relying too heavily on this fun tool.
What’s the Difference Between Max Loan Insured and Max Loan Un-Insured?
The Max-Insured Loan shows you how much you’ll qualify for when making a downpayment that is less than 20%.
If you are making a 20% or larger downpayment, the Max Un-Insured Loan value can be applied to your situation.
Like this calculator but need more functionality?
Use our amazing “All in One” BC Purchase and Mortgage Calculator:
