Canadian Mortgage Calculator

Our Canadian mortgage calculator is designed specifically to work with Canadian mortgage regulations and criteria.

This calculator will show you how much mortgage you qualify for. It also provides you with your total debt to income ratio and gross debt to income ratio.

When you are dealing with financial institutions these statistics are used to determine both the amount of mortgage you qualify for and the interest rate they may offer you. If you have a very high debt to income ratio, a standard mortgage may be more difficult to arrange, or your interest rate may be higher.

Input the information into the Canadian mortgage calculator required as described then click to find out the amount of mortgage loan you may qualify for. If you do not qualify for the mortgage you thought you would, simply adjust your figures and try again.

You will notice that the last button on the calculator for Canadian loan mortgages creates an amortization schedule. Once you have determined the amount of mortgage you may qualify for, a complete amortization schedule for the loan at the specified interest rate is available.

An amortization schedule shows you, month by month, how much you still owe on your loan after each payment is made and exactly when payments will be completed (based on the monthly payments remaining the same for the entire term of the loan).

Looking for more financial calculators? Along with this Canadian mortgage calculator, we offer several other online calculators here. >>>

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Canadian Mortgage Calculator - Qualifications
This Canadian mortgage calculator will help you to determine how much house you can afford and/or qualify for.

Complete or change the entry fields in the "Input" column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field.


1. This is a simplified Canadian mortgage calculator and should be used for general information purposes only.

2. If your down payment is less than 25% the loan will have to be insured. Insurance premiums are charged at loan initiaion and can vary depending upon the Insurer used and the amount of your down payment. Your down payment cannot be less than 5% fo the Purchase Price.

3. You should allow for closing costs approximately 1.5% of the Purchase Price over and above the amount of your downpayment.

4. The term of your loan will normally not equal your desired Amortization Period and as a result your Interest Rate will likely change during the Amortization Period. This will impact the amount of your Principal and Interest payment over the life of the loan.

Purchase Information Inputs Outputs
Purchase price / property value:
Down payment / equity:
Loan amount:
Loan Information Inputs Outputs (Monthly)
Desired loan amount:
Annual interest rate:
Amortization period in years:
Monthly principal & interest payment:
Income, Property, and Debt Informations Inputs Outputs (Monthly)
Gross income:
Annual property taxes:
Annual heating:
Monthly condominium fees:
Other monthly debt payments:
Qualifying Information Inputs Outputs
Qualify for loan?:
Maximum qualifying loan amount:
Gross debt to income ratio (GDSR):
Total debt to income ratio (TDSR):

Longer term loans may take a few moments for the report to be generated.


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