Canadian Mortgage Qualification Calculator Version 1

This calculator will help you to determine how much house you can afford and/or qualify for.

Complete or change the entry fields in the “Input” column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field.


1. This is a simplified mortgage calculator and should be used for general information purposes only.

2. If your Downpayment is less than 25% the loan will have to be insured. Insurance premiums are charged at loan initiaion and can vary depending upon the Insurer used and the amount of your Downpayment. Your Downpayment cannot be less than 5% fo the Purchase Price.

3. You should allow for closing costs approximately 1.5% of the Pruchase Price over and above the amount of your Downpayment.

4. The term of your loan will normally not equal your desired Amortization Period and as a result your Interest Rate will likely change during the Amortization Period. This will impact the amount of your Principal and Interest payment over the life of the loan.

Purchase Information Inputs Outputs
Purchase price:

Down payment:

Loan amount:

Annual interest rate:

Length of the mortgage in years:

Payment Information Inputs Outputs (Monthly)

Monthly principal & interest payment:

Annual property taxes:

Annual heating:

Monthly payment (PITH):

Qualifying Information Inputs Outputs

Gross income:

Monthly debt payments:

Qualify for loan?:

Maximum qualifying loan amount:

Current Income to payment ratio (max = 32%):

Current debt to income ratio (max = 40%):

Longer term loans may take a few moments for the report to be generated.

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When inquiring about a loan on this site, this is not a loan application. This is not an offer to lend and we are not affiliated with your current mortgage servicer. Upon the completion of your inquiry, we will work hard to match you with a lender or lenders who may assist you with an official loan application and provide loan product eligibility requirements for your individual situation.

When applying for a loan, lenders will commonly require you to provide a valid social security number and submit to a credit check. Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved. Minimum credit ratings may vary according to lender and loan product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee. Any loan product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the loan product.

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© 2023 Mortgage.Info is not a government agency or a lender. Not affiliated with HUD, FHA, VA, FNMA or GNMA. We work hard to match you with local lenders for the mortgage you inquire about. This is not an offer to lend and we are not affiliated with your current mortgage servicer.