Affordability Calculator
Calculate the maximum home price you can afford based on your income, debts, and down payment. Includes GDS and TDS ratio analysis with stress test rates.
Affordability Calculator
Calculate the maximum home price you can afford
Your Financial Details
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(car loans, student loans, credit cards)
$
$
Uses stress test rate (higher of contract rate + 2% or 5.25%) for qualification. Consult a mortgage broker for formal pre-approval.
Maximum Home Price
$433,768
Based on stress test rate: 7.25%
Limited Affordability
Your ratios exceed acceptable thresholds
GDS Ratio
32.0%
Target: ≤32%
TDS Ratio
38.0%
Target: ≤40%
Monthly Breakdown
Gross Monthly Income$8,333
Estimated Mortgage Payment$2,412.50
Property Tax$104.17
Heating$150
Other Monthly Debts$500
Ratio Definitions
GDS: Mortgage + taxes + heating ÷ gross income (max 32%)
TDS: Mortgage + taxes + heating + debts ÷ gross income (max 40%)