Canada Mortgage Calculator

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.

Usage Tips & Advice

  • This is a simplified mortgage calculator and should be used for general information purposes only.
  • 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.
  • You should allow for closing costs approximately 1.5% of the Pruchase Price over and above the amount of your Downpayment.
  • 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 / property value:
Down payment / equity:
Loan amount:
Loan Information Inputs Outputs (Monthly)
Desired loan amount:
Annual interest rate:
Amortization period in years:
Monthly principal & interest payment:
Income, Property, and Debt Information Inputs Outputs (Monthly)
Gross income:
Annual property taxes:
Annual heating:
Monthly condominium fees:
Other monthly debt payments:
Qualifying Information Inputs Outputs
Qualify for loan?:
Maximum qualifying loan amount:
Gross debt to income ratio (GDSR):
Total debt to income ratio (tdSR):


Canadian Currency House.