Mortgage Affordability Estimator (Canada)

General information only - not financial or mortgage advice.

Max Mortgage (est.)

CAD 311,235

Safe Purchase Price (est.)

CAD 361,235

Monthly Mortgage Payment

CAD 1,911

Qualifying Rate Used

7.50%

Inputs

Annual Income (gross)

Monthly Debts

Down Payment

Interest Rate (decimal)

Example: 0.055 = 5.50%

Amortization (years)

Self-employed profile

Monthly Property Tax

Monthly Heating

Include condo fees (50% rule)

Monthly Condo Fees

Apply stress-test estimate

Stress-test floor (decimal)

This is a simplified estimator. Lender policy and regulatory rules can vary.