Manitoba calculators

Affordability

Mortgage payment Affordability Land transfer tax CMHC insurance Closing costs Seller net proceeds Rent vs buy

Household income per year$110,000 Monthly debt payments (car, cards, loans)$450 Down payment saved$40,000 Expected rate4.49% Property tax per year$3,800 Heating per month$110 Condo fees per month$0

You could afford about

$492,000

qualifying at 6.49% (stress test), limited by GDS 39%

Max mortgage payment$3,148/mo

Max mortgage$470,450

Your down payment$40,000

Lenders qualify you at the higher of 5.25% or your rate + 2%. Housing costs up to 39% of gross income (GDS) and all debts up to 44% (TDS).

Your price, made of

Mortgage 92%Down payment 8%

Dre saysA nice range. Adela can show you what it buys in each area.

Estimates only, not financial advice. Your lender and lawyer confirm the final numbers.