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Home Affordability Calculator · Canadian mortgage qualification estimate

Gross annual household income ($)

Monthly debt payments ($)

Available down payment ($)

Expected mortgage rate (%)

Amortization (years)

Annual property taxes ($)

Monthly heating costs ($)

Monthly condo fees ($)

Estimated maximum purchase price—
Estimated mortgage including insurance—
Mortgage qualification rate used—
Estimated monthly mortgage payment at entered rate—
Estimated monthly housing costs at entered rate*—
Estimated Ontario tax on mortgage insurance at closing—

Uses illustrative GDS/TDS ceilings of 39%/44%, the greater of 5.25% or the entered contract rate plus 2 percentage points for qualification, and 50% of condo fees. Actual lenders may apply different debt ratios, stress-test rules and expenses. This estimate assumes an owner-occupied home, a standard insured mortgage when needed, and eligibility for the selected amortization. It does not include land transfer tax, legal fees, insurance, maintenance, other closing costs or required cash reserves. A 30-year insured amortization is restricted to eligible purchasers/properties. *Housing costs include mortgage payment, property tax, heat and 50% of condo fees, not full ownership costs.

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Estimates only; not a mortgage quote, approval or financial advice. Actual lender terms, qualification rules and costs may differ.