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Calculator · Open source

Mortgage Affordability Calculator

Find out how much home you can afford based on your income, debts, and down payment.

Methodology
Public formulas, updated regularly. Built for Canadians, by Canadians.

Annual Household Income

$
$

Down Payment

$
%

Annual Property Tax

$
$
$

Maximum Home Price

$455,249

Maximum Mortgage

$405,249

Monthly Payment

$2,204

GDS Ratio

32.3%

Gross Debt Service (max 39%)

TDS Ratio

38.3%

Total Debt Service (max 44%)

GDS Ratio(max 39%)32.3%
TDS Ratio(max 44%)38.3%

Results

Maximum Home Price$455,249
Maximum Mortgage$405,249
Down Payment$50,000
Monthly Payment$2,204
Stress test6.29%
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