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Mortgages
Mortgage Qualifier
How much home you can afford based on income (stress test included).
Your Financial Profile
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Car loans, student loans, credit cards, etc.
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%
years
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What You Can Afford
Max Home Price
$449,154
Max Mortgage
$369,154
Actual Monthly Payment
$2,145
at 4.99% contract rate
Stress Test Rate
6.99%
qualifying rate used by lender
GDS ratio at stress-test rate (max 32%)32.0% ✓
TDS ratio at stress-test rate (max 44%)37.0% ✓
GDS-limited mortgage$369,154
TDS-limited mortgage$469,183
Qualifying rate = max(your rate + 2%, 5.25%) per OSFI B-20. Lenders calculate GDS and TDS at the qualifying rate, not the contract rate. Your actual monthly payment will be lower once approved.
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