Canadian mortgage calculators
Two free calculators built on today's rates: how much house you can afford, and your monthly payment. They use real lender limits and the Bank of Canada rate that drives variable mortgages.
Quick answerTo qualify for a Canadian mortgage you must pass the stress test — proving you can afford payments at the higher of your contract rate plus 2% or 5.25%. Lenders also cap housing costs at a 39% gross debt ratio (GDS) and total debts at 44% (TDS). Today's prime rate is 4.45%.
How much house can you afford?
affordability
You could afford about
$0
Down payment $0Mortgage $0
Estimated payment$0/mo
Qualifying (stress) rate6.45%
Estimate only — lenders vary, and you must qualify under the mortgage stress test (the higher of your rate + 2% or 5.25%). Not a pre-approval or financial advice.
Monthly mortgage payment
payment
Estimated monthly payment
$0
Principal + interest at the rate and amortization you enter. Taxes, insurance and condo fees are extra.
Mortgage amount$0
Total interest (life of loan)$0
Illustrative estimate — confirm your actual rate and terms with a licensed mortgage professional. Not financial advice.
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Independent & not affiliated. bankratecanada.ca (Overnight) is not affiliated with the Bank of Canada or any lender. Calculator results are approximate, illustrative estimates — not quotes, pre-approvals, or financial advice. See our
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Sources: OSFI (B-20) — mortgage stress test & GDS/TDS limits (figures illustrative, not advice). Figures update after each official release; reviewed 5 Jul 2026.
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