Affordability Calculator
See an estimated purchase budget from your income, debts and down payment.
Estimated maximum price
$572,204
Limited by your GDS ratio
Maximum mortgage$472,204
Down payment$100,000
Maximum price$572,204
Mortgage payment (P&I)$3,400/mo
All-in housing costincl. tax, heat & fees$3,900/mo
Down payment & insurance
Minimum down payment at this price$32,220
Mortgage insurance premiumadded to the mortgage$13,222
Ontario tax on the premiumcash at closing — cannot be financed$1,058
Total amortized$485,426
Amortization used25 years
Uses GDS/TDS lending ratios and the 7% stress-test rate, with minimum down payment and mortgage default insurance rules current as of August 2026. Lenders vary — this is a guide, not a pre-approval.
Estimates only. Not financial, legal, tax, or mortgage advice. Confirm with your lawyer, lender, or mortgage professional.
Turn these numbers into a plan
Have a DistrictIQ agent walk you through what this means for your budget and your next move.