Mortgage affordability calculator.
Estimate your maximum home price using Canadian GDS/TDS ratios, stress-test rules, down payment, CMHC, closing cash, and monthly expenses.
Estimates only, not financial advice. Inputs left blank are estimated and can be overridden.
Calculate your maximum affordability
Maximum home price
$1,000,000
7.50% down payment at your estimated maximum
Mortgage payment
$5,324
Monthly
Cash to close
$93,135
$18,135 beyond down payment
Qualifying rate
6.50%
GDS 32.41% / TDS 36.01%
Determining your total mortgage required
Home price $1,000,000
Down payment $75,000
CMHC insurance $37,000
Total mortgage required $962,000
Required cash to close
Total cash required
$93,135
$18,135 beyond down payment
Monthly expenses
Monthly expenses
$7,323
Affordability notes
Stress test sanity check
At the default 4.50% contract rate, this calculator qualifies at 6.50%.
Estimated blanks
Blank optional fields are estimated so the result does not accidentally assume zero living costs or debt obligations.
Actionable comparison
Compare Your Shortlisted Properties
Enter up to four homes you are considering. The table uses your down payment, rate, amortization, payment frequency, location, and first-time buyer setting above.
| Property | Price | Min Down | Your Down | Down % | CMHC | Mortgage | Payment | Cash | Status |
|---|---|---|---|---|---|---|---|---|---|
| Property 1 | $850,000 | $60,000 | $75,000 | 8.82% | $31,000 | $806,000 | $4,461 | $89,655 | within max |
| Property 2 | $950,000 | $70,000 | $75,000 | 7.89% | $35,000 | $910,000 | $5,037 | $91,975 | within max |
| Property 3 | $1,050,000 | $80,000 | $75,000 | 7.14% | N/A | N/A | N/A | N/A | down below min |
| Property 4 | $1,150,000 | $90,000 | $75,000 | 6.52% | N/A | N/A | N/A | N/A | down below min |
Comparison figures are estimates only and use the assumptions entered above. They are not an approval, commitment, or financial advice.