Stressed out by the Gov. Stress Test?
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Stress Test Calculator 2020
Canada’s most transparent stress-testing calculatorUpdated to reflect the Bank of Canada’s decision to lower the five-year benchmark rate from 5.34% to 5.19%.
Worried about your mortgage stress test? Find out whether you could pass, and why, with our stress test calculator.
Mortgage Terms
Purchase PricehelpThe purchase price of your home.
The purchase price of your home.
$ 500,000
Down PaymenthelpThe amount paid upfront. In Canada, the minimum down payment is 5%. Mortgage default insurance (commonly referred to as CMHC insurance) is required for down payments under 20%.
The amount paid upfront. In Canada, the minimum down payment is 5%. Mortgage default insurance (commonly referred to as CMHC insurance) is required for down payments under 20%.
20% = $100,000
Interest RatehelpThe annual interest rate on the mortgage loan amount. A lower interest rate can drastically reduce your mortgage payments.
The annual interest rate on the mortgage loan amount. A lower interest rate can drastically reduce your mortgage payments.
3.00 % 2.60%*Get This Low RateOur Rate (5 Yr. fixed)
Amortization Period
Unsure about your purchase price? Find out how much you can afford.
Annual Household Income
Enter your annual income before taxes.
Gross Income: $00
Estimated Net Income: $00
Where are you looking to buy?
What type of home are you looking for?
Condo Apt.
Townhouse
Detached House
Not DecidedMonthly Non-Housing Expenses
Enter your average monthly expenses in each of the above categories, excluding any housing-related expenses. Exclude your heating costs from your utility bill total.
Total: $2,0002.00k
Monthly Debt Payments
Enter your average monthly payment for each of the above types of debt. If you have multiple sources of debt in the same category, enter the total for your household.
Total: $00
* Rates shown are on approved credit and subject to change without notice.