Affordability calculator
Check qualification from a mortgage amount, income, and debts.
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Interactive calculator
Affordability calculator
Switch between max purchase and qualification check.
Calculation notes
Methodology for the affordability calculator
Estimate the maximum purchase price based on income, debts, and stress-test rules.
Compare multiple scenarios to find a comfortable payment range.
Inputs to check
- Household income
- Monthly debt payments
- Down payment amount
- Property taxes, heating, and condo fees
Assumptions
- Uses standard GDS/TDS ratio guidelines.
- Applies stress-test qualifying rates.
- Does not replace lender underwriting.
Related tools
How this calculator works
Estimate the maximum purchase price based on income, debts, and stress-test rules.
Compare multiple scenarios to find a comfortable payment range.
Inputs you will need
- Household income
- Monthly debt payments
- Down payment amount
- Property taxes, heating, and condo fees
- Target rate and amortization
Assumptions and limitations
- Uses standard GDS/TDS ratio guidelines.
- Applies stress-test qualifying rates.
- Does not replace lender underwriting.
Example scenarios
$140k household income
See maximum purchase price at 25-year amortization.
Debt reduction scenario
Remove a car loan to see how affordability changes.
Related tools
Turn this purchase result into a plan
Pair the calculator output with the right buyer guide, then pressure-test lender fit, down payment, and closing-day cash before you make an offer.
Guides
Read the Canada-specific playbook before you commit to the next step.
Execution
Use the broker workflow, rates pages, or secure dashboard to move from estimate to action.
Save and compare scenarios
Create a free account to save scenarios, compare options side by side, and share results with your broker team.
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Frequently asked questions
Why is my maximum lower than expected?
Debt ratios and stress-test rules can reduce qualifying amounts.
Does down payment affect affordability?
Yes. A larger down payment reduces the mortgage amount and ratios.
Is this a pre-approval?
No. It is an estimate. Lenders must verify documents for approval.