How much can I afford?

The TD Canada Trust Mortgage Calculator1

This calculator can show you1

  • How much of a home you may be able to afford
  • The amount of mortgage you may qualify for
  • What mortgage payments to expect based on the results
  • Some strategies on how to save money over the life of your mortgage

You can explore multiple scenarios to help you take a comfortable first step toward home ownership. And, you will be able to print your results when you're done.

To get started, simply enter your financial details in the fields on the right.
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* Required field


Gross household income is the total salary, wages, commissions and other income before deductions earned over the last year by all household members who will be co-applicants for the mortgage loan.
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Monthly payment		 Calculator
To get an estimate, you may want to consult your real-estate agent or local municipality.
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Heating expenses vary depending on factors such as the house size and the type of heating you have (electric, oil, gas). To get an estimate, you may want to consult your real-estate agent or local heating companies. Only heating expenses are included in the credit decisioning.
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Condominium fees vary depending on factors such as your property size and condominium maintenance requirements. To get an estimate, you may want to consult the property manager for the condominium you are looking to purchase, your real-estate agent.
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The time over which all regular payments would pay off the mortgage assuming the same interest rate over that period of time. Many people choose 25 years for a new mortgage, however the period can be longer, up to a maximum of 30 years.

Please note: if your down payment amount is less than 20% of your home's value, you will need to insure the mortgage against default. This also means that the maximum allowable amortization is 25 years.
   
Calculate

1 The calculator is for demonstration purposes only and is not part of the application process.
2 Some conditions apply.
3 We calculate your debt load based on credit available to you. It is assumed that you pay 3% of the credit limit monthly.
4 This may not be the rate we will use to qualify you. Fixed interest rates are calculated semi-annually not in advance. Variable interest rates are calculated monthly, not in advance and it is assumed that the rate does not change over the term.
5 Rounded up to the nearest year.

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