Do my debt service ratios pass?
Enter your household income, the mortgage you want and your monthly costs. Lenders work out the ratios at the qualifying rate, not the rate you sign for.
Your estimate
TOTAL DEBT SERVICE (TDS)
How this is estimated
What the calculator assumes.
The ratios. GDS is principal, interest, property tax, heating and half of any condo fees, divided by gross monthly income; TDS adds your other debt payments. The limits are 39% and 44%, calculated at the greater of the contract rate plus 2% or 5.25%. Source: CMHC.
Lenders differ. Uninsured lenders set their own limits, and some count a share of rental income or use different heating estimates. To find the most you could borrow, use the affordability calculator; the stress test guide explains the qualifying rate.
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