Affordability Calculator

Find your maximum home price based on Canadian OSFI B-20 lending rules.

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Stress Test Rate: 6.50%

Max of 5.25% or 4.50% + 2% = 6.50%

Annual Household Income$120,000

Monthly Debt Payments$500

Down Payment$100,000

Mortgage Rate (Contract)4.50%

Amortization25 years

Maximum Home Price

Max Mortgage

Est. Monthly Payment

at contract rate

Debt Service Ratios

GDS (Gross Debt Service)32.9% / 39%

TDS (Total Debt Service)37.9% / 44%

Stress Test Summary

Contract Rate4.50%

Qualifying (Stress) Rate6.50%

Down Payment$100,000 (16.4%)

Amortization25 years

Gross Monthly Income$10,000

Max CMHC-insured mortgage is $1.5M (Dec 2024). Uninsured lenders may have additional requirements. This calculator uses OSFI B-20 qualifying rules (GDS ≤ 39%, TDS ≤ 44%).

For estimation purposes only. Consult a mortgage professional for advice.