Maximum Mortgage Calculator – What'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
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.
$4,467 (36 %)
$0 (0 %)
$408 (3 %)
$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.
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Alexandra RicherResidential real estate broker - J2962
Alexandra Richer Courtier Immobilier Inc. – Mascouche, QC
Contact
French, English
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