Real math, run live — before you talk to anyone.
Adjust the numbers below. Both tools recalculate instantly using standard underwriting formulas — the same math a lender applies, minus the wait.
Affordability calculator
Estimates the maximum home price you can likely qualify for using the 28/36 debt-to-income rule — the framework most Canadian lenders start from.
Based on the standard 28/36 debt-to-income rule (max 28% of income on housing, max 36% on total debt) with a 25-year amortization and ~1.1%/yr estimated for property tax & insurance. Figures are clamped to plausible ranges — this estimate isn't a substitute for full underwriting.
Estimated max home price
$466,261
Loan amount: $406,261
Monthly payment & amortization
Enter a loan amount, rate, and term to see your estimated monthly principal & interest payment and total interest paid over the life of the loan.
Standard amortization formula: M = P · r(1+r)n / ((1+r)n − 1), where P is loan principal, r is the monthly rate, and n is the number of monthly payments (300 here). Principal & interest only — taxes, insurance, and CMHC premiums not included.
Estimated monthly payment
$3,129
Principal & interest only