Where & what are you buying?
Helps us tailor your numbers. Property tax is estimated automatically from your qualifying price.
Not sure what the condo fees will be? A good ballpark is around $450/month.
How many applicants?
Everyone who will be on the mortgage.
Your income
Add each source of gross (before-tax) annual income for everyone on the mortgage.
Other income examples: CCB, CPP, OAS, or child support.
Your down payment
How much you have saved to use as a down payment. Add each source.
Your monthly debt payments
Credit card & line-of-credit payments are estimated at 3% of the balance. For loans, enter the monthly payment. Add as many as you need.
Your rate
We qualify you on the 5-year fixed rate using the federal stress test. The 5-year variable rate is currently lower — which can qualify you for a higher amount. Get your Certificate or start an application and we'll run those numbers with you and lock in your best rate.
What you could qualify for
*Amortization is set automatically based on your down payment to maximize your qualifying numbers: 30 years with 20% or more down, otherwise 25 years.
These figures are general estimates based on the numbers you entered, using Canadian mortgage qualification rules (the federal stress test, debt-service limits, minimum down payment, and mortgage insurance where applicable). They are not a pre-approval or an offer of credit. A real pre-approval requires a full application and document review.