Estimate your monthly payment and what you can actually afford — real Canadian math, from semi-annual compounding to the federal stress test. It's a starting point, not an approval.
Your payment,
estimated.
Use this like a working note: adjust the purchase price, down payment, and rate, then bring the scenario into a pre-approval conversation.
Use this estimate as the starting point. A pre-approval checks income, debts, credit, property type, and lender rules.
Estimate only — not a mortgage approval. Assumes a fixed rate compounded semi-annually (the Canadian standard) held for the full amortization. When the down payment is under 20%, CMHC insurance is added to the loan; in Quebec, tax on that premium is paid at closing. Contact Anthony for today's rates and a real, lender-backed pre-approval.
What you can
afford.
Enter your income — add a co-applicant if you're buying together — and see the maximum purchase price a lender would realistically approve, federal stress test included.
This is the ceiling the math allows. A pre-approval verifies income documents, credit, and lender programs — and some lenders stretch further than others.
Estimate only — not a mortgage approval. Uses the standard GDS/TDS limits (39% / 44%) and the federal stress test (your rate + 2%, minimum 5.25%), with joint applications qualified on combined gross income. Actual lending limits vary by lender, credit profile, property, and program — some go beyond these ratios. Contact Anthony for a real, lender-backed pre-approval.
Rates move weekly — the 4.99% above is illustrative, not an offer. Get today's numbers
Get a true
pre-approval.
A calculator is a great start. A 20-minute call turns it into a lender-backed number you can actually shop with — no pressure, just answers.
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