Mortgage Affordability Calculator

Find out how much home you can afford based on your income, debts, and down payment using Canadian GDS/TDS guidelines.

Your Financial Details

Annual Gross Household Income

Monthly Debt Payments (car, student loans, etc.)

Down Payment Available

Interest Rate

Amortization

Maximum Affordable Home Price

$754,452

Max Mortgage

$654,452

Max Monthly Payment

$3,900

Down Payment %

13.3%

GDS Limit Used

$3,900/mo

How this is calculated: Based on CMHC guidelines, your Gross Debt Service (GDS) ratio should not exceed 39% of gross monthly income, and Total Debt Service (TDS) ratio should not exceed 44%. The lower of these two limits determines your maximum mortgage payment.

Medium Rectangle (300×250)

Replace with your Google AdSense <ins> tag

Related Calculators

Compare Mortgage Rates

Find the best rate for your situation from Canada's top lenders.

Disclaimer: All calculations are estimates for informational purposes only. No data is collected or stored. Consult a qualified financial advisor before making financial decisions.