Mortgage Affordability Calculator

Estimate the maximum Toronto purchase price you'd qualify for, using GDS/TDS caps and the federal mortgage stress test.

Gross annual household income

Monthly debt payments

Cards, car loans, lines of credit, student loans.

Available down payment

Contract interest rate

Stress-tested at 7.19% (OSFI B-20).

AmortizationMonthly property tax (est.)

Monthly condo fees (if any)

Estimated maximum purchase price

$713,646

Using GDS 39% and TDS 44% with the federal stress test.

Maximum mortgage

$593,646

Estimated monthly payment at contract rate

$3,236

Calculator results are estimates only and are not a mortgage approval, pre-approval, or lending commitment. A licensed mortgage professional must review your full situation before any lending decision.