Skip to content

Mortgage Affordability Calculator

To help you estimate the maximum mortgage you can afford, CMHC has developed the following easy-to-use mortgage tool. 

 

Mortgage Affordability Calculator

To help you estimate the maximum mortgage you can afford, CMHC has developed the following easy-to-use mortgage tool.

Calculation Results

?

Maximum Mortgage represents the lesser of the maximum mortgage permitted with the down payment provided, or the maximum permitted given your income and debt obligations.

?
?
?
  • This calculation is approximate and does not include CMHC Insurance Premiums, applicable sales taxes, closing costs or other fees that may be required.
  • Typically, lenders require mortgage loan insurance for loans made to anyone that wishes to purchase a home with a down payment of less than 20% of the purchase price. However, lenders sometimes require mortgage loan insurance for homebuyers even if their down payment is greater than 20% of the purchase price. This calculator will return a premium amount regardless of the down payment amount entered.

Your Information

?
?

Anticipated Monthly Expenses

?
?
?

Borrowing Details

?
?
?
CalculateStart Over
More Calculators | Visit CMHC.ca | Disclaimer
 

Share...

Print(opens in a new window)