Mortgage Calculator
Numeo's Mortgage Calculator estimates your monthly payment and how much home you can afford in Canada — including the stress test, CMHC insurance and GDS/TDS ratios.
Numeo qualifies you at the stress-test rate, adds CMHC insurance where required, and checks your Gross and Total Debt Service ratios against typical lender limits.
Frequently asked questions
- What is the mortgage stress test in Canada?
- The stress test requires lenders to qualify you at the higher of your contract rate plus 2% or 5.25%. It confirms you could still afford payments if rates rise. Numeo applies it automatically.
- What is the minimum down payment in Canada?
- It is 5% on the first $500,000 of the price, 10% on the portion between $500,000 and $1.5 million, and 20% on homes of $1.5 million or more (which cannot be insured).
- What are the GDS and TDS ratios?
- Gross Debt Service (GDS) is your housing costs divided by gross income; Total Debt Service (TDS) adds all other debt payments. Lenders typically cap GDS at about 39% and TDS at about 44%.
Based on official sources: Financial Consumer Agency of Canada — Mortgage stress test · CMHC — Mortgage loan insurance