Mortgage Affordability Calculator
Find out how much home you can afford based on your income, debts, and the current stress test rate.
Inputs
Car payments, student loans, credit card minimums
Maximum Purchase Price
$456,712
Est. Monthly Payment
$2,191
GDS Ratio
33%
TDS Ratio
39%
Stress Test Rate
7.5%
Affordability Score
What This Means
Based on your $100,000 annual income, lenders will qualify you at the stress test rate of 7.5% (the higher of your contract rate + 2% or 5.25%). Your GDS ratio is 33% (max 39%) and TDS ratio is 39% (max 44%). These ratios determine how much of your income can go toward housing and total debt.
RAZZ Insight
You can qualify, but you are near the upper limits. Consider reducing your target price or increasing your down payment. Remember that the stress test rate is higher than your actual rate, so your real payments will be lower, but plan for potential rate increases at renewal.
Results are estimates only and may vary based on lender policies, market conditions, and individual circumstances. Consult a mortgage broker or financial advisor for accurate figures.
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