How much can I borrow calculator
Your maximum mortgage and purchase price, using the same stress test lenders use.
Income and debts
Before tax. Combine everyone who will be on the mortgage.
Credit cards (3% of balance), car loans or leases, student loans, lines of credit, support payments.
Home expenses
Leave at $0 for a house.
Affordability level
How much of your income goes to housing and debt. Standard is the most a lender will allow on an insured mortgage.
Rate and amortization
30 years on an insured mortgage (under 20% down) is for first-time buyers and new builds.
Down payment
Used to work out your maximum purchase price, including CMHC insurance when you put down less than 20%.
Renting out a suite or part of the home? Rent can raise the amount you qualify for.
The right lender can move this number.
Lenders treat income, debts and rental income differently. A 15-minute call is enough to see how much room you really have.