Mortgage Calculator
Maximum Mortgage Calculator
Estimate the maximum mortgage amount you qualify for based on your annual income, stress test rate, and amortization period.
$
$30K$500K
$
Car loans, student loans, credit cards, etc.
%
$
$
Maximum Mortgage Amount
$372,000
Max home price
$391,000
Min. down payment
$19,550
Monthly Payment
$2,175
at 5%
Stress Test Rate
7.00%
qualifying rate
At Maximum Qualification
GDS ratio (max 32%)32.0%
TDS ratio (max 44%)37.0%
Income Scenarios
$96,000/yr income$282,000
$120,000/yr income$372,000← yours
$144,000/yr income$463,000
$180,000/yr income$598,000
Results use the OSFI stress test (qualifying rate = higher of contract rate + 2% or 5.25%). Actual approval depends on your credit score, lender policies, and full application review.
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs you provide. Consult a licensed mortgage broker or financial advisor for advice specific to your situation.