Mortgage Affordability
How much home
can you actually
qualify for?
Canadian mortgage qualification uses your income, debts, and the stress test. Here's your real number.
Qualifier Zones · $120K Income
Affordability Spectrum
≤28%
$561K
Conservative
≤32%
$632K
Standard
≤39%
$753K
Maximum
On average
+12% more
HOMEH clients qualify for more
What can you
afford?
You can afford a home up to:
$658,022
Total Monthly Payment
$3,433
Estimates only, for illustration. Qualified at the federal stress rate (the greater of the 4.50% contract rate + 2% and the 5.25% floor) with the payment shown at the contract rate, semi-annual compounding, 30-year amortization, property tax at 0.81% and home insurance at 0.18% of value annually. A one-time CMHC premium (tiered by down payment) applies with less than 20% down and is added to the mortgage. The tiered minimum down payment is enforced.
See today's best
mortgage rates.
A HOMEH mortgage advisor compares live rates from Canada's top lenders and matches you to the lowest you qualify for — typically within 24 hours.
More Calculators for Buyers
Every number a Canadian homebuyer needs, in one place, always free.
Home estimate
What it's worth before you offer.
OpenHome market value
Value plus the market around it.
OpenDown-payment boost
Your HOMEH Cashback Rebate, applied early.
OpenCashback Rebate
The industry's highest Cashback Rebate: 1.5% of the price, at closing.
OpenClosing costs
Every Ontario cost before you sign.
OpenMortgage payment
Your true monthly payment.
OpenMake your dreams come home!
Book a free consultation to see how we make homeownership affordable and easy for you.
What you can actually afford.