Mortgage calculator
Ontario mortgage affordability calculator
Estimate a maximum mortgage using income, housing costs, debts, and the federal minimum qualifying rate.
Estimated maximum mortgage$597,172Uses a 6.50% qualifying rate and the lower debt-service limit.
- Indicative purchase price
- $697,172
- Maximum qualifying payment
- $4,000/month
- Limiting calculation
- TDS total-debt limit
- Qualifying rate
- 6.50%
The purchase-price figure adds the entered down payment to the mortgage estimate. Mortgage insurance, closing costs, lender policy, credit, income treatment, the property, and your own budget may reduce it. This is not a pre-approval.
How to use this estimate
Use current documents.Enter figures from the mortgage statement, renewal offer, payout quote, appraisal, or commitment where possible.
Compare like with like.Use the same balance, time period, and payment frequency when comparing alternatives.
Check the actual terms.Qualification, fees, compounding, privileges, and lender calculations may produce different results.