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What will my payment be?

Plug in a purchase price, down payment, rate, and amortization. We'll show your monthly payment, total interest paid over the term, and how the math actually works.

Estimated payment
$0
per month
Mortgage amount
$0
CMHC insurance
$0
Total loan with insurance
$0
Total interest over 25-yr amortization
$0
These are educational estimates. Actual payments depend on the rate you qualify for, the lender's rules, and any property tax + insurance escrow. To get an accurate quote for your situation, start your application now.

How much can I qualify for?

This estimates the maximum mortgage a lender would qualify you for, using the standard 39% / 44% debt-service ratios. Note: the maximum a lender will give you isn't the same as the payment you can comfortably carry — we discuss both before you make an offer.

Estimated maximum purchase price
$0
based on a 39/44 GDS/TDS
Maximum mortgage
$0
Maximum monthly payment (PIT+H)
$0
GDS used
0%
TDS used
0%
These are educational estimates. Real qualification depends on credit score, employment history, lender-specific overlays, and the property type. To get an accurate quote for your situation, start your application now.

Will I pass the stress test?

The stress test isn't the rate you pay — it's the rate you have to prove you could pay if rates spiked. Lenders qualify you at the higher of contract rate + 2% or 5.25%. Plug in your numbers below.

Stress test result
—
Qualifying rate
—
Qualifying payment
—
GDS
—
TDS
—
These are educational estimates. Lenders apply additional overlays (credit, employment type, property class) that this calculator can't model. To get an accurate quote for your situation, start your application now.