Three calculators that answer the questions clients ask me first. Plain math, plain explanations. The numbers here are educational, not approvals — for the accurate version, start an application and I'll come back with real lender numbers.
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.
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.
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.