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Boring Mortgages Ontario

Making complex mortgages boringly simple

Mortgage Affordability CalculatorHow Much House Can You Afford?

Calculate how much house you can afford based on your income, expenses, and debt obligations. Get accurate estimates using Canadian lending guidelines and debt service ratios.

Calculate Your Affordability

$30K$300K
$10K$500K
3%8%

Include credit cards, car loans, student loans, etc.

Maximum Purchase Price

$0

Based on Canadian lending guidelines

Affordability Breakdown

Maximum Mortgage$0
Down Payment$50,000
Monthly Payment$0
Total Purchase Price$0

Debt Service Ratios

GDS Ratio (Housing Costs)0.0%

Maximum recommended: 39%

TDS Ratio (Total Debt)0.0%

Maximum recommended: 44%

Turn your affordability into approval • Licensed Mortgage Agent

Understanding Mortgage Affordability in Canada

Debt Service Ratios Explained

GDS Ratio (≤39%)

Gross Debt Service includes your mortgage payment, property taxes, heating costs, and 50% of condo fees. Should not exceed 39% of gross income.

TDS Ratio (≤44%)

Total Debt Service includes all housing costs plus other debts like credit cards, car loans, and student loans. Should not exceed 44% of gross income.

Tips to Increase Affordability

  • ✓Pay down existing debts to improve your TDS ratio
  • ✓Save a larger down payment to reduce mortgage needed
  • ✓Consider a longer amortization to reduce monthly payments
  • ✓Shop around for the best interest rates with a broker
  • ✓Include all sources of income (bonuses, part-time work)

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