Maximum Mortgage Calculator

Mike Fox, Mortgage Agent, Level 2 at BRX Mortgage.

Mortgage and Income

Gross annual income

Monthly debt payments

Affordability Level

GDS limit

TDS limit

Home Expenses

Monthly carrying costs counted in the ratios.

Property tax (monthly)

Property tax (yearly)

Condo fees (monthly)

Heat (monthly)

Rate Settings

Interest rate

Term (years)

Rate type

Loan type

Compounding

Amort. years

Amort. months

Stress Test and Rental

Stress test rules

Condo fee inclusion rate

Add rental income

Maximum Mortgage Amount

$504,177

GDS is the binding constraint.

Stress Test Rate8.29%

GDS limit

39.00%

TDS limit

44.00%

Where the income goes

Monthly Mortgage$3,313.18

Debt Payments$0.00

Home Expenses$933.33

Cash Left (Gross)$8,253.49

Disclaimer: This calculator is for illustrative purposes only and should not be relied upon for financial planning. Lender rules, the qualifying rate, and ratio limits change. Confirm your approval with your lender before you make an offer.