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Mortgage payment and affordability calculator

Payments with Canadian semi-annual compounding, default insurance, and the stress test.

20.0% of price
Example rate. Enter the rate you've been quoted.
Carrying costs and affordability (optional)
Monthly payment

$4,870.56

  • Mortgage amount$880,000
  • Minimum down payment$85,000
  • Total interest over 25 years$581,169
  • Monthly housing cost (payment, tax, heat, fees)$5,479
  • Stress-test rate6.50%
  • Approx. income needed (GDS 39%)$200,086
  • Qualifying (stress-test) rate: the greater of your rate + 2% or 5.25%.
  • Lenders typically look for GDS at or below 39% and TDS at or below 44%.
  • Estimates only. Your lender's figures will differ.
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