What are you looking to calculate?

• Property Location * --Select-- ON - GTA ON - Ottawa ON - Other MB - Winnipeg MB - Other AB - Edmonton AB - Calgary AB - Other BC - Greater Vancouver Area BC - Other QC - Montreal QC - Quebec City QC - Other SK - Saskatoon SK - Regina SK - Other NL - Newfoundland & Labrador NB - New Brunswick NS - Nova Scotia PE - Prince Edward Island
• Gross Annual Income *
• Term Length* 5 Years 4 Years 3 Years 2 Years 1 Years
• Profit Rate* % As of Jun 2023
• Monthly Debt Payments *
• Monthly HOA/Condo Fee

Quick Tip

Fill in the inputs to calculate the maximum financing you qualify for based on your income and debt levels.

Stress test ensures you qualify at a higher rate of 2% to assess your ability to make payments should rates rise for next term.

CALCULATE

Maximum Mortgage Amount

EQRAZ One-Time Admin Fee

$5,000**

Monthly Mortgage Payments

Profit Paid Over Term

Principle Paid Over Term

Balance Principle Remaining At End Of Term

PRINT RESULT

Calculate The Property You Can Afford Based On The Above Mortgage Amount

• Enter Down Payment Amount* EQRAZ can only fund up to 80% of the property value.
  Therefore, the minimum down payment amount required is $250,000

CALCULATE

• PRINT RESULT

  Maximum Allowed Property Value

  $864,089

TAP TO OPEN QUICK TIPS

Condo Fee

Only applies to a condo or townhouse.

Monthly Debt Payments

Include debts such as:

• Monthly outstanding credit card balance

• Monthly car payments

• Monthly line of credit including personal and student loans

• Monthly child support payments to ex-spouse

• Monthly alimony payments

• Any other monthly payments excluding rent

*This calculation is an estimate based on the accuracy and completeness of the information you have entered and is provided to you for illustrative and general information purposes only. This calculation does not mean you have been approved by EQRAZ. EQRAZ does not make any express or implied warranties or representation to any information or results in connection with the calculation. EQRAZ will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on the calculation. When you submit an application, the profit rate may have changed or may be different depending on EQRAZ’ review of your application in its sole, absolute, and unfettered discretion. Additional conditions may apply.

**Please note that you will also incur other closing costs including, but not limited to, solicitors fees and land transfer taxes.