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Borrowing Capacity Calculator

Use this simple tool to figure out your borrowing capacity. It will help you determine your income and expenses, and figure out the maximum amount you can borrow to purchase your new home.

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418-684-5060

Income

/ year
/ month

Financial commitments

/ month
/ month
Total
/ month

Costs related to your future home

/ year / month %

Calculate your borrowing capacity.

You could borrow up to

If the purchase price of the desired property is $500,000 or less, the required minimum down payment is 5% of the purchase price.

If the purchase price of the desired property is more than $500,000, the required minimum down payment is 5% of the first $500,000 and 10% for the amount over $500,000.

If the purchase price of the desired property is $1 000,000 or more, the required minimum down payment is 20% of the purchase price.

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One of our advisors will contact you in the next 3 business days.

Your information

Results generated by this tool do not create legal or contractual obligation for Industrial Alliance Insurance and Financial Services inc. or its subsidiaries.

These simulations are based on approximate calculations and on a fixed rate mortgage loan, whose rate remains constant for the term of the loan repayment, with interest calculated every six months, and not in advance.

Please confirm these results by contacting one of our advisors.