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Do I pass the mortgage stress test?

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This model keeps the selected rates constant. Default values are fictional assumptions, not offers or live rates. Read every warning and confirm location, timing, contract terms and any eligibility conditions against the official sources below. No lender decision or recommendation is made.

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6.29%

Qualifying rate

GDS at the qualifying rate39.54%limit 39%
TDS at the qualifying rate43.36%limit 44%
Payment you'd actually make$2,601
Payment the lender tests$3,154
Income needed to pass$111,517
Largest mortgage that passes$472,498

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    Worksheet: Mortgage stress test calculator. Rule set recorded 2024-11-21. Interest, fees, eligibility constraints and local rules vary. These references explain the model’s boundaries; they do not establish that an input matches your situation.

    OSFI · Minimum qualifying rate for uninsured mortgages OSFI · OSFI exempts uninsured mortgage straight switches from prescribed MQR; implements portfolio LTI limits Department of Finance Canada · Statement on the Canadian housing market (insured MQR; switching at renewal) CMHC · Calculating GDS / TDS
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