Ontario pre-qualification estimate
Mortgage affordability calculator
Estimate a maximum mortgage and purchase price using your income, debts, housing costs and a qualifying-rate stress test.
01
Income and funds
Use gross household income and available down payment.
02
Monthly obligations
Include regular debt payments and estimated housing costs.
Estimated maximum purchase price
$877,850
Includes the entered down payment
Estimated maximum mortgage$697,850
Payment at contract rate$3,897/mo
Qualifying rate6.59%
Estimated GDS / TDS39.0% / 43.7%
Preliminary estimate only—not an approval. Mortgage insurance, lender-specific ratios, income treatment, credit, property and closing costs can materially change the result.
Read the result carefully
Qualification is more than a ratio.
- Lenders may treat commission, bonus, self-employed, rental and recently started income differently.
- Credit history, property type, down-payment source and mortgage-insurance eligibility can change the available amount.
- The maximum a lender may approve is not necessarily the monthly housing budget that feels comfortable for you.