Maximum Mortgage Calculator – What's the maximum property value you can afford?

Know Your Mortgage Limits

Before you start property hunting, find out how much you can afford with our Maximum Mortgage Calculator. This tool estimates the highest mortgage you qualify for based on your financial profile.

Gross Annual Income

Monthly Debt Payments

Property Expenses

To budget better and calculate a more realistic Total Monthly Cost, enter the additional property expenses here.

Property Tax

monthly

yearly

Condo fees (Monthly)

Heating cost (Monthly)

Affordability Level

The affordability level helps you decide how much of your disposable income is allocated to mortgage payments, property expenses and monthly debt payments.

GDS / TDS

GDS — the percentage of your gross income needed to cover housing costs.TDS — the percentage of your gross income needed to cover all debt obligations.Baseline: Conservative threshold recommended by CMHC. You can borrow less, but this leaves more room in your budget for other goals and unexpected expenses.Standard: Maximum threshold allowed by CMHC. You can borrow more, but housing costs will take up a larger share of your income — less flexibility for other expenses.

Rate

Enter your mortgage interest rate. This rate will be used in calculations to determine your maximum mortgage amount and monthly payments.

Maximum Mortgage Amount

Stress Test Rate

6.00%B-20

GDS / TDS

39 % / 44 %

Monthly Breakdown

Includes all expenses that affect how much you can borrow.

Monthly Mortgage

$4,467 (36 %)

Debt payments

$0 (0 %)

Property Expenses

$408 (3 %)

Cash Left (Gross)

$7,625 (61 %)

The calculations provided by these tools are for illustrative purposes only and do not create any legal or contractual obligations. All figures are approximate and may vary. The granting of financing or any financial decisions should be made in consultation with qualified professionals.

Kaya Voyer PaquetteResidential real estate broker

RE/MAX Élite – Victoriaville, QC

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RE/MAX Élite

40 Bd Labbé SVictoriaville, QC G6S 1B5

Important note: Under the Quebec Real Estate Brokerage Act, every buyer has the right to choose whether to be represented — or not — by the broker of their choice. Are you already accompanied by a broker? If so, they can directly contact me to obtain the necessary information. You are not represented and do not wish to be? The transaction remains possible. In this context, I will have to offer you fair and impartial treatment, while preserving the confidentiality of information entrusted to me by my clients. I am nevertheless committed to defending the interests of the party I represent. Still undecided? You can consult more information about representation and its implications by clicking here. Thank you for your understanding.