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Maximum Mortgage CalculatorWhat's the maximum property value you can afford?

Know Your Mortgage Limits

Before you start property hunting, find out how much you can afford with our Maximum Mortgage Calculator. This tool estimates the highest mortgage you qualify for based on your financial profile.

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Property Expenses

To budget better and calculate a more realistic Total Monthly Cost, enter the additional property expenses here.

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monthly

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yearly

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Affordability Level

The affordability level helps you decide how much of your disposable income is allocated to mortgage payments, property expenses and monthly debt payments.

GDS / TDS

GDSthe percentage of your gross income needed to cover housing costs.TDSthe percentage of your gross income needed to cover all debt obligations.Baseline: Conservative threshold recommended by CMHC. You can borrow less, but this leaves more room in your budget for other goals and unexpected expenses.Standard: Maximum threshold allowed by CMHC. You can borrow more, but housing costs will take up a larger share of your income — less flexibility for other expenses.

Rate

Enter your mortgage interest rate. This rate will be used in calculations to determine your maximum mortgage amount and monthly payments.

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Maximum Mortgage Amount

$0

Stress Test Rate

6.00%B-20

GDS / TDS

39 % / 44 %

Monthly Breakdown

Includes all expenses that affect how much you can borrow.

Monthly Mortgage

$4,467 (36 %)

Debt payments

$0 (0 %)

Property Expenses

$408 (3 %)

Cash Left (Gross)

$7,625 (61 %)

The calculations provided by these tools are for illustrative purposes only and do not create any legal or contractual obligations. All figures are approximate and may vary. The granting of financing or any financial decisions should be made in consultation with qualified professionals.

Aliona Cozari's profile picture, Life insurance, Services Finanicers AVIE

Aliona CozariFinancial Security Advisor. Mortgage Broker. Mutual Funds Representative.

Services Finanicers AVIE – Saint-Lambert, QC

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768 Rue De Namur, Saint Lambert, Qc J4S 1Z5

Mortgages -AVIE Financial Services Inc. is Attached to Planiprêt Mortgage broker firm. Our mortgage brokers are regulated by the Autorité des marchés financiers (AMF), under the law on the distribution of financial products and services (LDPSF). PEAK Investment Services Inc. is a Mutual Fund dealer and member of the Canadian Investment Regulatory Organization (CIRO) limiting its responsibilities to investment products such as mutual funds and ETFs. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Personal Insurance - Insurance products include, but are not limited to, term life insurance, permanent life insurance, whole life insurance, universal life insurance, mortgage life insurance, accident and sickness insurance, long-term care, critical illness and disability insurance, private health insurance, travel insurance and expatriate insurance. This website is intended for Quebec residents.

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