Mortgage Calculator
Calculate your payments, stress test, CMHC premiums, BC Property Transfer Tax, and qualification ratios — all in one place.
Property Details
20.0%
Mortgage Terms
5.50%
1.00%10.00%
Income & Expenses
Monthly Payment
$3,997
at 5.50% for 25 years
Stress Test
Stress Test Rate7.50%
Stress-Tested Payment$4,810
Canadian regulations require qualification at the higher of your contract rate + 2% or 5.25%.
Qualification Ratios
GDS Ratio
51.3%TDS Ratio
56.3%Most lenders require GDS ≤ 39% and TDS ≤ 44%. Some lenders allow higher ratios.
Mortgage Insurance (CMHC)
Loan-to-Value (LTV)80.0%
CMHC Premium$10,880
Total Mortgage$650,880
BC Property Transfer Tax
Transfer Tax$14,000
Total Cash Needed at Closing
Down Payment$160,000
BC Transfer Tax$14,000
Legal Fees (est.)$1,500
Total$175,500
Maximum Affordability Estimate
$484,895
Based on your income, debts, and current rates. This is the estimated maximum mortgage you could qualify for (based on 44% TDS limit).
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