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.

Gross Annual Income

Monthly Debt Payments

Property Expenses

To budget better and calculate a more realistic Total Monthly Cost, enter the additional property expenses here.

Property Tax

monthly

yearly

Condo fees (Monthly)

Heating cost (Monthly)

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

GDS — the percentage of your gross income needed to cover housing costs.TDS — the percentage of your gross income needed to cover all debt obligations.Baseline: Conservative threshold recommended by CMHC. You can borrow less, but this leaves more room in your budget for other goals and unexpected expenses.Standard: Maximum threshold allowed by CMHC. You can borrow more, but housing costs will take up a larger share of your income — less flexibility for other expenses.

Rate

Enter your mortgage interest rate. This rate will be used in calculations to determine your maximum mortgage amount and monthly payments.

Maximum Mortgage Amount

Stress Test Rate

6.00%B-20

GDS / TDS

39 % / 44 %

Monthly Breakdown

Includes all expenses that affect how much you can borrow.

Monthly Mortgage

$4,467 (36 %)

Debt payments

$0 (0 %)

Property Expenses

$408 (3 %)

Cash Left (Gross)

$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.

Jason Mc DonaldReal estate broker

BLVD Immobilier – Vaudreuil-Dorion, QC

jmcdonald528@gmail.com

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6600 Transcanadienne #203

Professional Status Jason McDonald is a licensed Residential Real Estate Broker with BLVD Immobilier, an authorized real estate agency. All brokerage services are provided in accordance with the Real Estate Brokerage Act of Quebec.