Mortgage Affordability Calculator

See how much home you can afford in Canada based on your income, down payment, and debt.

Your Information

Annual Gross Incomei

$

Monthly Debt Paymentsi

$

Down Paymenti

$

Interest Rate (%)i

Amortization (Years)i

Your Results

You can afford a home up to

$684,000

Monthly Mortgage Payment$3,500

Property Taxes (Est.)$285

Heating (Est.)$112

Total Monthly Housing Cost$3,897

Gross Debt Service Ratio39%

Total Debt Service Ratio44%