Mortgage Affordability Calculator
Canadian GDS/TDS ratios with OSFI Stress Test built in
Your Financial Details
Maximum Purchase Price
$607,596
Based on GDS ratio (binding constraint)
Max Mortgage
$507,596
Down Payment
$100,000
Monthly Payment (est.)
$2,809
Amortization
25 years
OSFI Stress Test
Contract Rate4.5%
Contract + 2%6.50%
Floor Rate5.25%
Qualifying Rate (higher of the two)
6.50%
Debt Service Ratios
GDS (Gross Debt Service)33.1% / 39%
(Mortgage + Property Tax + Heating) / Gross Income
TDS (Total Debt Service)38.1% / 44%
(Mortgage + Property Tax + Heating + Debts) / Gross Income
This is an estimate. Actual approval depends on your credit score, employment, and lender-specific criteria. Consult a licensed mortgage broker for a precise assessment.