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What are you looking to calculate?

Quick Tip

Fill in the inputs to calculate the minimum amount of income you need in order to qualify for your desired property.

Minimum Income Required

$185,000

*Income requirement is the combined income of all applicants

  • Maximum Mortage Balance

    $691,271

  • Monthly Mortage Payments

    Monthly mortgage payments are based on the lesser of the mortgage requested or the maximum mortgage allowed.

    $20,000

  • Maximum Allowed Property Value

    $864,089

  • Cash Required

    Cash required is the sum of your down payment and the EQRAZ fee, excluding any closing costs.

    $10,200

Quick Tip

Fill in the inputs to calculate the maximum down payment needed based on qualified property.

Maximum Property Value

Minimum Down Payment

  • Maximum Mortage Balance

  • Monthly Mortage Payments

    Monthly mortgage payments are based on the lesser of the mortgage requested or the maximum mortgage allowed.

  • Cash Required

    Cash required is the sum of your down payment and the EQRAZ fee, excluding any closing costs.

    $864,089

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’s review of your application in its sole, absolute, and unfettered discretion. Additional conditions may apply.

TAP TO OPEN QUICK TIP

Quick Tip

Fill in the inputs to calculate the minimum amount of income you need in order to qualify for your desired property.

Condo Fee

If you are looking to purchase a condo, enter an estimated condo fee or maintenance fee (leave it 0 if not a townhouse or condo).

Maximum Down Payment

Down payment must be at least 20% or more of the total property value.

Monthly Debt Paymebts
"ONLY types of debt to add include: "
  • Monthly Credit Card Balance (Put 0 if you pay it off by the end of the month)

  • Monthly Car Payments (lease or loan)

  • Monthly Payments of any other line of credit/ Personal loan/ St_udent Loan

  • Any other Mortgage loans

  • Monthly child support payments to ex-spouse (if any)

  • Monthly Alimony payments (if any)

  • Any other monthly lease payment you may have that does not include rent payments of current house

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