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Oh Canada!

Affordability Calculator

Looking to buy a home soon? Our mortgage affordability calculator will give you a high-level view of your maximum mortgage and home affordability.

Annual Incomes

Mortgage Info

25 years

Monthly Debt Payments

Living Costs

Max Home Affordability


Down Payment


Max Mortgage


Monthly Mortgage Payment


Monthly Breakdown

Loading Chart
Monthly Mortgage Payment$0
Monthly Debt Payments$0
Living Costs$329.17

CMHC Insurance

cmhc insurance$0
max mortgage + cmhc
max monthly after cmhc

* These calculations are just an estimate. Calculations are based on the Bank of Canada five-year mortgage rate used in mortgage stress tests and assume no change in the interest rate over the life of the mortgage. This rate is 5.25% and is subject to change. The actual qualifying interest rate for your morgage may be different. To get a true overview of your affordability, apply online in 5 minutes and a Homewise Advisor can overview your full financial picture.

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Mortgage Brokerage Licensed in ON #12984, BC #X301004, MB and AB.
Homewise can pursue mortgage brokering activity in SK, NL, NS and NB. We are proudly Canadian!

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