Payment calculator
What would my payment be?
Includes mortgage default insurance when you put less than 20% down.
Monthly payment
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- Mortgage amount
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- Default insurance (est.)
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- Down payment
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- Total interest over amortization
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Estimate only. Uses semi-annual compounding as Canadian fixed-rate mortgages do; insurance premiums follow the standard CMHC tiers. Your broker confirms the exact numbers.
Affordability
How much home can I afford?
Lenders qualify you at a stress-test rate, then cap your housing costs and total debts against your income. This shows where your limit lands and which rule sets it.
You could afford up to
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- Maximum mortgage
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- Monthly payment at your rate
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- Stress-test rate used
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- Limited by
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Estimate only, on a 25-year amortization. Qualifies you at the higher of your rate + 2% or 5.25%, with typical GDS 39% / TDS 44% limits. Lenders and insurers may apply different limits.
Ready to see your real numbers?
Pre-approval is free and takes about ten minutes.