Mortgage Eligibility

How much can the bank approve?

Household Income

$

Before taxes

Monthly Debts

$
$

Savings

$

The Home

$

Divided by 12 for GDS/TDS calculation

$

Estimated monthly heating cost

$

Enter 0 if not a condo

5.00%
1.00%10.00%
25 yrs
10 yrs30 yrs

Max Purchase Price

$0

Stress Test: 7.00% Limited by: GDS

GDS / TDS Analysis

GDS (39%)

$0/mo

TDS (44%)

$0/mo

The bank uses the lower of GDS and TDS ($0/mo) to determine your max mortgage.

Purchase Breakdown

Max Purchase Price$0
Your Downpayment$0
Downpayment %0.00%
Custom Down %
Off
Min Downpayment Required$0
Closing Cost (1.75%)$0
Total Funds Needed$0
Total Loan (incl. Insurance)$0
1st Mortgage$0
Mortgage Insurance (PMI)$0
Interest Rate5.00%
Amortization25 years
Monthly Payment$0

Based on Canadian mortgage rules — GDS 39%, TDS 44%, stress test rate +2%. Results are estimates only.