Borrowing capacity

Calculate your capacity using lender qualification criteria

Gross annual income

Your income

Gross rental income

Rental credit %

This percentage determines what portion of your rental income the lender considers when calculating your borrowing capacity.

Other income

Pension, dividends, etc.

Total qualified income80 000 $/an

Existing debts

No debts — add your monthly payments.

Credit score

720Very good

300 (Poor)600680760900 (Excellent)

Available savings

Total savings

Dedicated to RE

Monthly expenses

Suggested reserve (4 mo): 12 000 $

Safety reserve−12 000 $

Available down payment68 000 $

Mortgage parameters

Mortgage rate (%)

Amortization

Qualify rate (stress test)7.25%

Target market

Market / City

Maximum purchase price

363 000 $

Down payment: 67 854 $ (18.7%)

Mortgage capacity

Max mortgage

295 146 $

Monthly payment

1 769 $

GDS limit: selon GDS

295 146 $

TDS limit: selon TDS

368 932 $

ABD/GDS (max 32%)26.5% / 32%

ATD/TDS (max 40%)26.5% / 40%

Conventional vs SCHL

	Conventional	SCHL
Max mortgage	295 146 $	359 709 $
GDS max	32%	39%
TDS max	40%	44%

CMHC required if down payment < 20%. Insurance premium 2.8–4% added to loan.

OSFI stress test

Contract rate5.25%

Taux + 2%7.25%

OSFI floor5.25%

Qualify rate7.25%

To increase your capacity

↑

CMHC insurance → +64 563 $ borrowing (down payment < 20%)

Simulate this purchase

Price: 363 000 $

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