Mortgage Affordability Calculator

Personal Info
Annual Income
Your annual income is the amount you earn before taxes, also known as the gross annual income.
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Will there be a Co-Applicant?
Are buying a home with another person?

Will there be a Co-Applicant?

Co-Applicant Income
Other person’s income before taxes.
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Amortization period
Amortization period is the amount of time it takes you to repay the mortgage. The highest amortization period for insured high ration mortgages is 25 years, however longer periods are allowed on conventional mortgages with down payment of 20% or more.
Use custom GDS/TDS?
Use custom GDS/TDS?

Use custom GDS/TDS?

GDS:
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TDS
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Property info

Estimate for meEstimate f

Property Taxes
Total amount of annual municipal property taxes.
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Maintenance fees
If subject property has maintenance fees charged by the strata please include the monthly amount (this mainly applies to attached residential properties).
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Square footage
The total square footage of the interior of the subject property.
ft2
Rental Income
If you are purchasing investment property please indicated rental monthly income you expect to receive from it. This also includes income from legal suites in the detached homes or duplexes.

Will there be a Rental Income?

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Liabilities
Total Credit Card Balance
Please enter the total balance (i.e. amount you owe) for all of your credit cards.
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Car Payments
Your total monthly vehicle lease or finance payments.
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Student Loan Balance
This amount is the total you owe on your government student loans.
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Unsecured debt
Unsecured debt includes, personal lines of credit, non-government student loans, or any other debt not backed by an underlying asset.
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1 year Fixed rate
First National
1.84%
2 years Fixed rate
First National
1.84%
3 years Fixed rate
First National
1.84%
4 years Fixed rate
First National
1.84%
5 years Fixed rate
Invis Broker
1.64%
7 years Fixed rate
CMLS Financial
2.34%
10 years Fixed rate
Scotiabank
2.94%
5 years Variable rate
Invis Broker
1.60%
1 year Variable open
Coast Capital
2.95%

View Legal Disclaimer

Different mortgage calculators will produce divergent results based on programming assumptions related to rounding, compounding and/or accrual. The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a mortgage professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for a mortgage. Qualification for mortgages or loans requires additional information such as income, credit score and existing debts which is not gathered in this calculator. All mortgage rates are subject to change without notice. Conventional and refinance rates may be higher. Some rates may not be available in all Provinces. All information such as interest rates, taxes, insurance, etc. are estimates and should be used for comparison only. OAC. E&OE.