Mortgage Tools
Mortgage Affordability Calculator
Estimate the mortgage and purchase price your income, debts and down payment could support in Ontario.
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How Much Home Can I Afford?
Estimated using standard Canadian debt-service guidelines (GDS 39% / TDS 44%) and a stress-tested qualifying rate.
Estimated purchase range
$409,503 – $455,003
Estimated mortgage amount$395,003
Estimated monthly payment$2,297
Qualifying rate used7.00%
These figures are estimates for educational purposes only and are not a mortgage approval or commitment to lend. Actual qualification, rates, terms, and approval depend on lender requirements and the details of a complete application.
What could improve your buying power?
- → A larger down payment increases your total budget.
- → Lowering monthly debt payments frees up qualifying room.
- → A different property price point may change insurance costs.
- → Changes in income directly affect what you can qualify for.
Want a professional review of your numbers?
Take the 60-second assessment and Swapnil will review your situation personally. No credit check, no commitment.