Explore a purchase budget using your income, debts, down payment and household costs.
Start with your everyday budget.
Uses a 25-year amortization, 39% GDS / 44% TDS and the greater of 5.25% or your entered rate + 2%. Includes estimated default insurance. No credit assessment is performed.
Is an affordability estimate a mortgage pre-approval?
No. The estimate uses the income, debts and housing-cost assumptions you enter. A lender must still verify income, credit, funds and the property, and may apply different requirements.
A useful way to test your assumptions
Keep the income unchanged and increase the monthly debt commitment to see how it affects the estimate. Then compare the result with a personal budget that includes childcare, transport, savings and irregular expenses.
Calculations stay in your browser. You can explore without signing up or authorizing a credit check.
Calculation references: FCAC: QualificationCMHC: Mortgage calculationsFCAC: Down payments · Reviewed October 7, 2026
Use the estimate as a starting point.
Change the inputs to explore what is comfortable for you. A lender’s decision also depends on your credit, verified income, the property and its own requirements. These tools do not pre-approve you or provide a rate quote.
The calculation includes estimated mortgage default insurance and the minimum down payment constraint. Closing costs must be funded separately. The assumed property taxes and other costs should be replaced with figures appropriate to your planned home.
A real conversation. Clear options. A plan built around you.