Max Mortgage Calculator
How Much Can I Afford?
Calculate the maximum mortgage you can afford.
Gross Annual Income
$100,000
Down Payment
$50,000
Interest Rate
3.25%
Monthly Debts
$0
Property Tax + Heat
Property Tax (est.)
$/mo
Heat
$100/mo
You may be able to afford a home up to
$510,745
Mortgage you qualify for$460,745
Your down payment+ $50,000
Max home price$510,745
CMHC Insurance$18,430
Monthly Payment$2,329.58
Est. Property Tax$404/mo
Heat$100/mo
LTV90%
GDS39.0% / 39%
TDS39.0% / 45%
Money Left Over$3,242/mo
After-tax income minus housing costs and debts
Settings: Stress test 5.25% · Estimated housing costs · 25-year amortization
This is an estimate for illustration purposes only. Tax calculations are approximate and based on 2025 Ontario and federal rates. Property tax and heat are estimates. Actual mortgage approval depends on your full application, credit history, and lender criteria. This is not a mortgage commitment or guarantee.
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