Mortgage Affordability Calculator (2026)

Stress Test Rate 2026: You must qualify at the higher of your contract rate + 2%, or 5.25%. This determines your maximum mortgage, not your actual payment rate.

Enter your gross income, down payment, and desired rate to find out how much mortgage you can qualify for under Canada's federal stress test rules.

Mortgage Calculator

Includes stress test & CMHC calculation

Annual gross income

Down payment

Contract rate (%)

Amortization

Monthly debt obligations (car payment, student loans, etc.)

Max Purchase Price

$522,728

Max Mortgage

$472,728

Monthly Payment

$2,693/mo

Stress test rate: 6.79%(contract + 2% or 5.25%)

CMHC premium: $14,655(90% LTV)

From The Kitchen Table

April 8, 2026

The Renewal You Were Promised

Jenna Kowalski, Saskatoon — nurse, 38, renewing a $412,000 mortgage she first signed in April 2021

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This calculator uses simplified GDS/TDS ratios (39%/44%). Actual qualification depends on your full financial picture, lender policies, and credit score. Always speak with a licensed mortgage broker.