Will a lender qualify me?
Income treatment, other debts, credit, insurer rules, appraisal and the exact property still determine qualification.
The fourplex affordability desk
What would four doors ask of your cash?
See the down payment, insured mortgage, cash-to-close and monthly picture in one place. Choose whether you would live in one unit or hold all four as an investment.
How would you own it?
This changes the example down payment and the number of rent-paying units.
Editable scenario
Build the first money picture
Round numbers are loaded to demonstrate the model. Replace every field with your own scenario and lender guidance.
Your planning guardrails
These are your limits—not lender qualification thresholds. The result below moves when either guardrail changes.
Purchase and financing
Property operations
Cash beyond the down payment
Planning read
Base case fits. Downside does not.
The entered guardrails cover the starting case, but not the rent, expense and rate stress shown below.
- Cash required
- $188,000
- Cash remaining
- $112,000
- Down payment entered
- $120,000
- Closing allowance
- $18,000
- Base mortgage + premium
- $1,113,480
- Mortgage payment
- $6,635 / mo
- Net rent contribution
- $4,950 / mo
- Owner amount after net rent
- $2,835 / mo
Downside rehearsal
$4,768 / monthcontribution after stressed rent, expenses and debt payment
6.75%Mortgage rate
−10%Collected rent
32.5%Operating allowance
This rehearsal raises the entered mortgage rate by 1.5 points, reduces collected rent by 10% and adds 7.5 points to the operating allowance. It is one transparent test—not a forecast.
Qualification-rate illustration
$7,972 / monthUses the greater of the entered contract rate plus 2% or 5.25%. This is only the mortgage payment at that rate—not a GDS/TDS qualification calculation.
Insured-financing illustration$33,480 premium at 3.10%, added to the mortgage. Confirm insurer, eligibility and premium with the lender.
Make the search obey the math
Carry the price, cash-to-close, base monthly limit, downside limit and financing assumption into your private Calgary fourplex brief.
Read the number correctly
What this screen still cannot decide
Would I want to live there?
The owner unit, privacy, parking, sound, outdoor space and landlord responsibility remain home decisions.
Does the property deserve the price?
Legal configuration, leases, expenses, condition, insurance and future capital work need property-specific evidence.
Official guardrails
The rules behind the example
Owner-occupied three- to four-unit financing
CMHC Purchase currently shows up to 90% loan-to-value and a 10% minimum equity requirement for owner-occupied three- to four-unit properties, with a maximum purchase price or lending value below $1.5M. The page also publishes premium tiers and uses the greater of the contract rate plus 2% or 5.25% for GDS/TDS calculations.
Read CMHC PurchaseDown payment and mortgage-cost basics
The Financial Consumer Agency of Canada explains down-payment thresholds, mortgage loan insurance, premiums and the fact that an insurance premium added to the mortgage also accrues interest. Product eligibility and lender requirements can be stricter.
Read the Canada.ca guidePlanning illustration only. This tool does not determine affordability, qualification, mortgage availability, default-insurance eligibility or future costs. Rules can change. Confirm every figure with a qualified mortgage professional, insurer and your own advisors before acting.