This calculator will help you compare the level of your monthly debt and housing expense payments to your gross monthly household income. Your Mortgage Professional will perform this assessment when qualifying you for a mortgage.

The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment.

Use this calculator to compare your income with your current or planned expenses and debt payments and see what kind of mortgage you can comfortably fit into your budget.

To help you estimate the maximum mortgage you can afford, CMHC has developed the following easy-to-use mortgage tool.