Mortgage Calculator | 360 Lending Solutions

First-Time Home Buyer Mortgage Calculator

Purchase Price:

Annual Income (before taxes):

Monthly Debt Payments:

Down Payment Amount:

Annual Property Taxes:

Interest Rate (% compounded semi-annually):

Amortization Period (years): Is this a condo?

Is the property in the GTA? Monthly Heat Costs:

Is the property newly constructed or substantially renovated?

Are you a first-time homebuyer?

A borrower must meet one of the following criteria to be considered a first-time homebuyer:

They haven’t purchased a home before.
They have not occupied a home as a principal place of residence that they themselves or their current spouse or common-law partner owned in the last 4 years.
They have recently experienced a breakdown of a marriage or common-law partnership.

For more information, visit CMHC's website.