Mortgage calculator
Mode-aware affordability and repayment estimates with transparent assumptions for Canada. All calculations run directly in your browser.
Long-form explainers with FAQ schema—each links back here so you can try the numbers immediately.
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No data storage. Inputs stay in this browser session only.
Your results will appear here
Fill in your numbers and click Calculate results to see your estimated max property price, loan amount, monthly payment, and full amortization breakdown.
Broker services for your scenario
Stress-test compliant advice from CMHC-approved brokers
Broker booking links are disabled until a regulated partner URL is configured. Use a licensed mortgage professional in your region for quotes.
No obligation · Free initial consultation
See live mortgage rates from multiple lenders side-by-side. Find the best deal for your scenario.
Why compare?
A 0.5% difference in rate on a CA$550,000 mortgage could save you CA$20,000+ over the full term.
Helps you qualify at the best rate
Rate comparison deep-links are not configured. Check lender comparison sites directly for live pricing.
Affiliate disclosure: We may earn a commission.
Yes. For federally regulated lenders the qualifying payment typically uses the greater of the contractual mortgage rate plus 2%, or a floor rate (commonly cited around 5.25% but subject to OSFI updates). Our calculator mirrors that max() logic so you can see how stress testing reduces borrowing power versus the contract rate alone.
Regulators require you to prove you can afford payments if rates rise. The stress payment is often materially above your contractual amortising payment, which shrinks the maximum loan for a given income. That difference is intentional policy, not a bug.
No. Provincial regulators (for example FSRA in Ontario) set licensing standards for brokers and agents. They can place you with lenders, explain insurable vs uninsurable pricing, and navigate switch/refinance rules. Use this tool for orientation only.
The stress test still applies using the prescribed qualifying rate even if your actual payment floats with prime. Some exceptions existed historically for switches with no new money; policies evolve. Always confirm the current OSFI B-20 guidance with a broker.
This calculator focuses on mortgage affordability and payments rather than every provincial closing cost. Budget land transfer tax, legal fees, and appraisal separately with your lawyer.
You can pick common terms such as 25 or 30 years. The longer the amortisation, the lower the payment but the more interest you pay over time. Lenders may cap amortisation for insured loans depending on down payment.
High-ratio insurance premiums change the effective borrowing cost. Use the interest and loan amount fields to reflect the all-in payment your lender quoted, including insurance if it is financed into the loan.
Yes. Toggle views in the results panel to compare payment at your negotiated rate versus the qualifying payment used for approval. That contrast helps explain why you might afford a home on paper at 5% but qualify for less at the stress rate.
Only what you enter as stable income counts. Lenders discount variable income using their own haircut rules. If you need rental income counted, a broker will request leases and tax summaries; the tool cannot automate that nuance.
No. Mortgage regulation spans federal and provincial law. Nothing here creates a solicitor–client relationship; speak to a lawyer for title, covenant, or compliance questions.
It produces estimation-level outputs from the inputs and assumptions you choose. Lenders apply proprietary credit policies, living-cost benchmarks, and verified documents that no public calculator can replicate. Treat every figure as a planning range, then validate with a regulated mortgage professional in your jurisdiction.
Mortgage numbers you type are processed locally in your browser to render charts and tables. This application is not designed to persist your form as a user profile. Standard hosting logs or third-party analytics may still exist—see the privacy policy for detail.
Yes. Affordability mode focuses on how much you may be able to borrow given income and debts, while repayment mode stresses the monthly instalment for a chosen loan amount. Switching modes lets you reconcile borrowing power with cashflow.
No. Mortgages intersect with tax (for example SDLT or mortgage interest deductions) and contract law. Nothing here replaces a qualified adviser, accountant, or solicitor. Regulatory references on the About page are for transparency only.
The editorial team reviews public guidance from central banks, regulators, and tax authorities on a best-effort schedule and documents the review cadence on the About page. Markets move daily—always confirm live pricing with your lender.
Related mortgage services
Stress-test compliant advice from CMHC-approved brokers
Broker booking links are disabled until a regulated partner URL is configured. Use a licensed mortgage professional in your region for quotes.
No obligation · Free initial consultation
See live mortgage rates from multiple lenders side-by-side. Find the best deal for your scenario.
Why compare?
A 0.5% difference in rate on a CA$550,000 mortgage could save you CA$20,000+ over the full term.
Helps you qualify at the best rate
Rate comparison deep-links are not configured. Check lender comparison sites directly for live pricing.
Affiliate disclosure: We may earn a commission.