Free — no account
How much mortgage would a Canadian lender allow you?
The same calculator the app runs, opened to everyone: the stress test, GDS and TDS, the default-insurance premium added to the loan, and land transfer tax net of the first-time-buyer rebates.
Informational and educational only — not a pre-approval or licensed advice. What this includes, and what it leaves out
Informational and educational only — not a pre-approval or licensed advice. The estimate includes the mortgage-default insurance premium (CMHC/Sagen/CG), which is added to the loan, and holds the price to what your down payment legally allows. It includes land transfer tax — provincial, and Toronto's or Montréal's where you say the home is there — net of the first-time-buyer rebates, for the provinces whose schedules we have; where we have none it says so rather than showing zero. It does not include legal fees, title insurance or inspection. Premium rates are the insurers' published schedules for a standard purchase and can differ by insurer, by product, and if your down payment is borrowed. With 20% down or more the estimate charges no premium, which is right for an ordinary purchase — but some lenders sell an "insurable" product below 80% loan-to-value, priced more sharply because they insure it themselves; that category is not modelled here, and it is only available on homes under $1,000,000. The ratios used are the insured standard, 39% of income for housing (GDS) and 44% for all debt (TDS), which insurers conventionally reserve for stronger credit histories — the result also shows the figure on the lower 35%/42% pair. On an uninsured mortgage each lender sets its own limits, so your lender's answer can differ in either direction. Confirm with a mortgage professional.
Income and down payment
The mortgage
Either one allows a 30-year amortization on an insured mortgage (under 20% down).
What lenders have been charging
Average rates on funds advanced — new lending, renewals and refinances — as published by the Bank of Canada. These are what banks actually charged, not posted rates: the posted 5-year sits roughly two points above what banks lend at, so it would understate what you would qualify for. Because renewals are included, a renewal-heavy month shifts the average.
Insured (under 20% down)
Matches your estimate
- Variable3.79%
- Fixed, 3 to under 5 years3.96%
- Fixed, 5 years and over4.01%
Uninsured (20%+ down)
- Variable3.90%
- Fixed, 3 to under 5 years4.03%
- Fixed, 5 years and over4.35%
Bank of Canada, funds advanced, as of June 2026
This series is monthly and published two to three months behind, so it describes the market as it was on that date, not today. Rates move in between.
An average, not a quote or an offer. Your own rate depends on your lender, credit, amortization and whether the mortgage is insured — and LOONIELODGE does not arrange mortgages.
Source: Bank of Canada. Data adapted by LOONIELODGE. Available free of charge at bankofcanada.ca. The Bank makes no warranty as to the accuracy or completeness of this content.
The home's running costs
Used only to work out sales tax on the insurance premium. It does not change the qualifying math.
That is 0.73% of the estimated price. Canadian municipal rates commonly run between 0.5% and 1.5%, and vary by municipality rather than by province.
Other debts
Lenders count 3% of the balance each month, not the minimum payment shown on your statement.
Counted as a payment amortized over 25 years at the qualifying rate, on the full limit — not the interest-only minimum, and not just the drawn portion.
Car loans and leases, student loans in repayment, and any child or spousal support you pay.
Counted toward your total debt (TDS)$500.00
Your lender's debt-service limits (optional)
Leave these blank unless your lender or broker has told you their limits. The calculator uses the insured standard — 39% of income for housing, 44% for all debt — which is what the mortgage insurers require. On an uninsured mortgage there is no national rule: each lender sets its own, and yours may be tighter or more generous.
Share of gross income the lender allows for housing.
Share of gross income the lender allows for all debt payments.
Your figures stay in your browser
This page asks for household income, debts and a down payment, and a stranger is entitled to know what happens to them. The answer is nothing: the arithmetic runs on this page as you type, and there is no request to send it anywhere.
- Nothing you enter here is sent to us.
- No account is needed, and none is created.
- Close the tab and the figures are gone — there is nothing to delete afterwards, because there is nothing stored.
- Saving an estimate and comparing it later is an account feature, and this page deliberately cannot do it.
Keep the answer, and what happens after it
An account saves an estimate so you can compare it as your plans change, and then tracks the mortgage you actually sign — payments, prepayment room, the renewal date, and what breaking early would cost.