Mortgage Affordability Calculator

Affordability Estimate

Mortgage Affordability Calculator

Estimate an affordable purchase price based on income, debts, down payment, carrying costs, GDS/TDS ratios, and qualifying rate.

Annual household income Monthly debt payments Loans, cards, car payments Available down payment Contract interest rate Annual rate % Amortization Years Property tax rate Annual % of home price Monthly heating / utilities Monthly condo fees 50% included in debt ratios GDS limit Default 39% TDS limit Default 44%

Apply Canadian mortgage stress test Uses the greater of contract rate + 2% or 5.25%. Include estimated CMHC premium for high-ratio purchases

Your results will appear here. Enter the details and click Calculate.

This calculator provides estimates only and does not replace financial, legal, tax, or mortgage advice.