Required Information Estimated Monthly Expenses Mortgage Rate   Property Tax   Down Payment   Strata Fees   Gross Monthly Income   Debt Payments

Conventional ( 75.00 %) Financing Based on your $10,000 Down Payment and Gross Monthly Income of $4,000, the Maximum Home Price is $40,000 under conventional guidelines. Your mortgage will be $30,000 with monthly payments of $210.	Max Home Price $40,000
Mortgage half Strata Fees Property Taxes Other Debts Remaining Income
High Ratio - 5.92 % Down Payment Your $10,000 Down Payment and your Gross Monthly Income of $4,000 results in a Maximum Home Price of $168,942 using 94.08 % High Ratio Financing. Your first mortgage of $158,942 plus the 3.25 % mortgage insurance fee of $5,166 results in a total mortgage of $164,107. Your monthly mortgage payments will be $1,149.	$168,942

Based on your $4,000 MONTHLY INCOME and these DOWN PAYMENT options
	USER Input Interest Rate - See Current Rates - See also 95% rate notes
% Down Payment	25%	20%	15%	10%	5%
Down Payment	$54,967	$40,716	$28,529	$17,875	$8,365
Mortgage	$164,902	$162,866	$161,668	$160,880	$158,941
Max Home Price	$219,869	$203,582	$190,197	$178,755	$167,306
CMHC Insurance Fee	$0	$2,035	$3,233	$4,022	$5,960
Total Mortgage	$164,902	$164,902	$164,902	$164,902	$164,902
Monthly Mtg Pmts	$1,155	$1,155	$1,155	$1,155	$1,155
TOTAL Monthly Pmts	$1,280	$1,280	$1,280	$1,280	$1,280
The maximum house price limits for the 5% downpayment program (less than 10% down) are $300,000 in greater Toronto, Vancouver, Victoria, and Calgary areas - $175,000 to $250,000 in northern areas and in other centres where average house prices tend to be high - and $125,000 everywhere else in Canada.