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%