Mortgage Calculator

Morris Home Team - Mortgage Calculator

Use these quick and easy tools to calculate mortgage payments and estimate what you can afford in monthly housing costs.

Calculate Your Mortgage Payments

 %
  years
$  (Principal & Interest Only)
High Ratio mortgages (less than 20% down payment) usually incur a mortgage loan insurance fee. To learn more please visit www.cmhc.ca.

How much can I afford?

Gross Debt Service Ratio GDS
  (including interest)
(if applicable)
 %
Your total monthly housing costs should not exceed 32% of your gross monthly family income
Total Debt Service Ratio (TDS)
Add your other monthly payments
 (as determined above)
 %
Your total monthly debt load should not exceed 40% of your monthly gross family income.