Mortgage Affordability
Estimate your maximum mortgage and purchase price using GDS/TDS limits and Canada’s stress-test style qualifying rate.
Coverage & Constraints
Gross Monthly Income$12,500.00
Fixed Housing Costs (qual.)$555.00
Max P&I by GDS$4,320.00
Max P&I by TDS$4,495.00
Binding ConstraintGDS
Max P&I Allowed$4,320.00
Qualifying Rate7.49%
GDS includes P&I + taxes + heat + 50% condo fees + insurance. TDS adds other monthly debt payments.
Max Mortgage (by payment)
Amortization25 years
Supportable Principal @ Qual. Rate$585,096
Preview Monthly P&I @ Contract Rate$3,589.51
Notes
- We convert your max allowable monthly P&I into a principal using the qualifying rate and amortization.
- Preview payment uses your contract rate (for budgeting) — the qualifying rate may be higher.
- If your down payment is < 20%, many insured programs cap amortization at 25 years.
Max Purchase Price
Down Payment (est.)$180,000
Include Premium EstimateYes
Max Purchase Price$765,096
Down Payment % at Max Price23.53%
Base Loan (before premium)$585,096
Insurance Premium$0
Insured Loan (added premium)$585,096
Premium estimate uses common bands (4.00%, 3.10%, 2.80%) based on your effective down payment %; edit your inputs to reflect lender specifics.
Assumptions & Notes
- This is an educational estimate. Lender programs vary (rate stress, exceptions, amortization caps, condo fee treatment, etc.).
- GDS includes: mortgage principal & interest (at the qualifying rate), property taxes, heating, 50% of condo fees, and home insurance.
- TDS adds other monthly obligations (credit lines, loans, cards, support payments, etc.).
- Insurance premiums (if down < 20%) are added to the mortgage (not paid from down payment) and depend on exact program rules.
- Always confirm with your lender and review your mortgage commitment for final qualifying details.