Real Estate

Income-Mortgage Calculators

  • Last Updated:
  • Jul 12th, 2020 11:38 pm
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[OP]
Deal Fanatic
Feb 4, 2010
6572 posts
6045 upvotes

Income-Mortgage Calculators

Does anyone know of online calculators if you already have a mortgage and you're in situation where your current household income might be lower than it currently is (e.g. job change, reduced salary, job loss, etc.) and it helps you tell what minimum salary you need to afford your current mortgage?
2 replies
Deal Fanatic
Feb 4, 2015
8648 posts
4894 upvotes
Canada, Eh!!
2022: BOC raised 6 times and MCAP raised its prime next day.
2017 to 2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.

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