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.
$
$
Property Expenses
To budget better and calculate a more realistic Total Monthly Cost, enter the additional property expenses here.
$
monthly
$
yearly
$
$
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
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
$0
Stress Test Rate
6.00%B-20
GDS / TDS
39 % / 44 %
Monthly Breakdown
Includes all expenses that affect how much you can borrow.
$4,467 (36 %)
$0 (0 %)
$408 (3 %)
$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.
Steven Rémillard, CIM®, Pl.Fin.Investment advisor – Financial planner
Longueuil, QC
Contact
French, English
307-3135 Boul. Moïse-Vincent, Saint-Hubert, Québec, J3Z 0G7
Steven Rémillard is licensed with PEAK Securities Inc. PEAK Securities Inc. is an investment dealer and a member of the Canadian Investment Regulatory Organization (CIRO), whose activities cover investment products such as stocks, bonds, and mutual funds. PEAK Securities Inc. is a member of the Canadian Investor Protection Fund (CIPF). Please visit https://www.cipf.ca for more information. All services other than securities-related services (including financial planning) are not the responsibility of PEAK Securities Inc. and are not covered by its regulatory oversight.