Max Mortgage Calculator
How Much Can I Afford?
Calculate the maximum mortgage you can afford.
Gross Annual Income
$100,000.00
Monthly Debt Payments
$0.00
Home Expenses
To budget better and calculate a more realistic total monthly cost, enter the additional home expenses here.
Property Tax
Monthly
$
Yearly
$
Condo Fees (Monthly)
$0.00
Heat
$0.00
Affordability Level
Custom Ratios
This slider decides how much of your disposable income is allocated to mortgage payments, home expenses, and monthly debt payments.
GDS: 35% / TDS: 42%
BaselineStandard
Rate
Fixed stays the same for the term. Variable moves with prime.
Rate
5.25%
Rate Term
Amortization
The total time to pay off your mortgage. New mortgages in Canada typically start at 25 or 30 years.
Amortization
25 years
Add Rental Income
Maximum Mortgage Amount
$407,402
Stress Test Rate7.25%
GDS / TDS35.00% / 35.00%
Monthly Mortgage$2,427.78
Debt Payments$0.00
Home Expenses$0.00
Cash Left (Gross)$5,905.55
