Maximum Mortgage Calculator
Calculates using Canadian guidelines. Qualifying rate is the higher of 5.25 percent or contract rate plus 2 percent. GDS target 32 percent and TDS target 40 percent. Condo fees counted at 50 percent in ratios.
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Property Costs
Tip: Drag sliders or type exact values. Charts update instantly.
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Maximum Mortgage Amount
$0
Based on qualifying rate and your targets
Estimated Maximum Purchase Price
$0
Accounts for down payment and CMHC premium if applicable
Qualifying Rate
0 percent
Payment At Qualifying
$0 per month
Down Payment Percent
0 percent
GDS Usage
TDS Usage
This is an educational estimate. Lenders have their own underwriting guidelines and may use different limits or stress test assumptions.
How this is calculated
- Qualifying rate equals the greater of 5.25 percent or contract rate plus 2 percent.
- GDS cap limits housing costs: mortgage principal and interest at the qualifying rate, one twelfth of property taxes, monthly heating, and 50 percent of condo fees.
- TDS cap limits total debt: GDS items plus all other monthly debt payments.
- The calculator finds the maximum principal allowed by both caps, then estimates purchase price from your down payment and applicable CMHC premium for down payments below 20 percent.