Maximum Mortgage Calculator

Canadian GDS/TDS qualification with the OSFI stress test, minimum down payment rules and CMHC default insurance.

Fields marked * are required for an accurate result.

Household income (yr)*

CAD

Monthly debt payments*

CAD

Cards, loans, leases

Property tax (yr)*

CAD

Heating (yr)*

CAD

Counted in full

Condo fees (mo)*

CAD

50% counted

Down payment*

CAD

Interest rate*

Amortization*

yrs

First-time home buyerNewly built home

Insured mortgages are limited to 25-year amortizations — 30 years for first-time buyers or new builds.

MAXIMUM HOME PRICE

$573,617

Mortgage amount$508,919

Down payment$80,000 (13.9%)

CMHC premium (added to loan)$15,302

Qualifying (stress) rate6.39%

Amortization used25 years

Qualifying payment / mo$3,375.00

GDS (max 39%)39.0%

TDS (max 44%)44.0%

Deal typeInsured (under 20% down)

Results are estimates for illustration only and are not an approval or an offer of credit. Calculations use Canadian mortgage conventions (interest compounded semi-annually, not in advance), current CMHC default insurance premium bands, and the OSFI minimum qualifying rate. Actual figures depend on lender policy, property details and credit review. Lijo Abraham — Mortgage Agent Level 1, Pegasus Mortgages (FSRA licensed).