Max Mortgage Qualifier Calculator

Mortgage Qualifier CalculatorThis calculator will evaluate the maximum mortgage and monthly payments you can qualify for based on your household income and expenses. Lenders call it Gross Debt Service Ratio and Total Debt Service Ratio. Enter the requested information below. This tool is intended for educational purposes only. Please consult with a qualified and licensed mortgage specialist to receive unbiased and professional advice.

Estimate maximum mortgage and monthly payments:
Total Household Income

Annual Family Income:

(available from T-4 slips, pay stubs,employment letters, financial statements, tax assessment notices, investment income documents, etc.)

Total Household Expenses

Annual Property Taxes:

(indicated on the property listing, estimated by the builder, provided by a realtor, or available by contacting the local city or municipal hall.)


Monthly Heating Costs/Condo Fees:

(total monthly heating costs plus 1/2 of any applicable monthly condo/maintenance fees. If unsure ask the realtor or builder for estimate.)


Minimum Monthly Debt Servicing:

(loan payments, credit cards, personal use property lease payments, alimony, etc. but exclude other mortgages and/or credit lines.)

Additional Financing

Secondary Financing Payment:

(total monthly amount of all existing loans and mortgages registered against the property. i.e., 2nd, 3rd mortgage, secured line of credit.)

Mortgage Rate

Interest Rate:

(enter the interest rate you would like to use for calculating the maximum mortgage you can qualify for and the monthly payments.)

Maximum Mortgage Monthly Payment

DISLCAIMER: The administrator and owner of this website take no responsibility for any financial decisions made based upon the use of this calculator. The information provided by this calculator is intended solely for general information and educational purposes. Rates of return may fluctuate over time and especially for long-term investments. Final calculated results are not guaranteed to be completely accurate and are in no way endorsed, offered or guaranteed by Savii Financial Concepts. Copyright© 2017