Approval snapshot
Status
Pass
Within current planning thresholds
Maximum Purchase Price
$0
Based on selected down payment and stress-tested qualification
Actual Monthly Payment
$0
At your contract rate
Qualifying Payment
$0
At the qualifying rate
0%
Qualification usage
Debt service pressure
Comfortable
Tight
Outside range
Buying power impact
Purchase Price Without Stress Test$0
Estimated Max Purchase Price With Stress Test$0
Reduced Home Purchasing Power$0
What the stress test is doing
Current scenario
Purchase price$0
Mortgage before premium$0
CMHC premium$0
Mortgage amount financed$0
Impact summary
Qualifying rate0.00%
Buying power gap$0
Insurance requiredNo
Likely lender tierPrime
Actual payment$0
Stress-tested payment$0
Estimated max purchase price$0
Best path forward
Adjust the inputs to begin.
Calculation notes
This simulator uses Canadian mortgage payment math with nominal annual rates compounded semi-annually and converted to monthly payments. Mortgage loan insurance is estimated using the current CMHC homeowner premium schedule. When insurance is required, the premium is added to the loan balance for payment and qualification planning.
Qualifying rate logic follows the higher of the selected contract rate + 2.00% or the current federal floor. Straight uninsured switches at renewal with no increase to amortization or loan amount may be treated differently by lenders, but this simulator focuses on purchase and new underwriting strategy.
Built for educational planning. Always verify live insurer guidelines, lender debt servicing methodology, rental offset treatment, income documentation standards, and any provincial or program-specific restrictions before relying on results.