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Canadian mortgage tools · CAD

Stress Test Qualifier

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calculator
slug
stress-test
title
Stress Test Qualifier
description
OSFI MQR or contract+buffer; insured/uninsured forks.
category
qualification
input Schema
{
  "type": "object",
  "properties": {
    "mortgageAmount": {
      "anyOf": [
        {
          "type": "number"
        },
        {
          "type": "string",
          "pattern": "^-?\\d+(?:\\.\\d+)?$"
        }
      ]
    },
    "amortizationYears": {
      "type": "integer",
      "minimum": 5,
      "maximum": 35,
      "default": 25
    },
    "paymentFrequency": {
      "type": "string",
      "enum": [
        "monthly",
        "semi_monthly",
        "biweekly",
        "accelerated_biweekly",
        "weekly",
        "accelerated_weekly"
      ],
      "default": "monthly"
    },
    "compounding": {
      "type": "string",
      "enum": [
        "semi_annual",
        "monthly",
        "annual",
        "quarterly",
        "bi_weekly",
        "weekly",
        "daily"
      ],
      "default": "semi_annual"
    },
    "contractRatePercent": {
      "type": "number",
      "minimum": 0,
      "maximum": 20,
      "default": 5
    },
    "bufferPercent": {
      "type": "number",
      "minimum": 0,
      "maximum": 5,
      "default": 2
    },
    "osfiMqrPercent": {
      "type": "number",
      "minimum": 0,
      "maximum": 20,
      "default": 5.25
    },
    "termMonths": {
      "type": "integer",
      "minimum": 12,
      "maximum": 360,
      "default": 60
    }
  },
  "required": [
    "mortgageAmount"
  ],
  "additionalProperties": false
}

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