Financial Tools
Run the numbers before you talk to a lender. Our Canadian mortgage calculators give you a realistic picture of what you can afford, what you'll pay monthly, and exactly how much CMHC insurance will cost you.
Estimate your monthly mortgage payment
Monthly Payment
per month
Gross Debt Service ratio — your housing costs (mortgage, taxes, heat) should not exceed 39% of your gross monthly income.
Total Debt Service ratio — all monthly debt payments including housing should not exceed 44% of your gross monthly income.
All insured mortgages must qualify at the Bank of Canada's 5-year benchmark rate or your contract rate + 2%, whichever is higher.