Mortgage Qualification Calculator

Find out approximately how much mortgage you can qualify for based on Canadian lending guidelines (GDS/TDS ratios with stress test).

Annual Gross Income$100,000

$30K$500K

Co-Applicant Income (optional)$0

$0$300K

Down Payment Available$80,000

$0$500K

Monthly Debt Payments$500/mo

$0$5,000

Car loans, credit card minimums, student loans, etc.

Estimated Annual Property Tax$3,600/yr

$1,000$15,000

Annual Heating Costs$1,200/yr

$600$5,000

Maximum Purchase Price

$489,751

Based on $100,000 household income

Max Mortgage$409,751

Down Payment$80,000

Max Monthly Payment$2,767

GDS Ratio38.0% / 39%

TDS Ratio44.0% / 44%

Stress test applied at 5.25% or contract rate + 2%, whichever is higher.

Based on 25-year amortization. Actual qualification may vary by lender.