Maximum Mortgage Calculator – What's the maximum property value you can afford?

Know Your Mortgage Limits

Before you start property hunting, find out how much you can afford with our Maximum Mortgage Calculator. This tool estimates the highest mortgage you qualify for based on your financial profile.

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Property Expenses

To budget better and calculate a more realistic Total Monthly Cost, enter the additional property expenses here.

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monthly

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yearly

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Affordability Level

The affordability level helps you decide how much of your disposable income is allocated to mortgage payments, property expenses and monthly debt payments.

GDS / TDS

GDS — the percentage of your gross income needed to cover housing costs.TDS — the percentage of your gross income needed to cover all debt obligations.Baseline: Conservative threshold recommended by CMHC. You can borrow less, but this leaves more room in your budget for other goals and unexpected expenses.Standard: Maximum threshold allowed by CMHC. You can borrow more, but housing costs will take up a larger share of your income — less flexibility for other expenses.

Rate

Enter your mortgage interest rate. This rate will be used in calculations to determine your maximum mortgage amount and monthly payments.

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Maximum Mortgage Amount

$0

Stress Test Rate

6.00%B-20

GDS / TDS

39 % / 44 %

Monthly Breakdown

Includes all expenses that affect how much you can borrow.

Monthly Mortgage

$4,467 (36 %)

Debt payments

$0 (0 %)

Property Expenses

$408 (3 %)

Cash Left (Gross)

$7,625 (61 %)

The calculations provided by these tools are for illustrative purposes only and do not create any legal or contractual obligations. All figures are approximate and may vary. The granting of financing or any financial decisions should be made in consultation with qualified professionals.

Stephane Douville's profile picture, [object Object], ProprioDirect - Mauricie

Stephane DouvilleResidential and Commercial Real Estate Broker - G6038

ProprioDirect - Mauricie – Trois-Rivières, QC

Stephane Douville
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ProprioDirect - Agence Immobilière
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The information presented on this page is for information purposes only and does not constitute legal, financial, or real estate advice. Since each situation is unique, it is recommended to verify the information with qualified professionals before making a decision. The steps and conditions may vary depending on the context, the market, and the regulations in force.