Mortgage calculators

Quick estimates for what you can borrow, CMHC insurance and MLI Select points. For an exact answer, book a free call.

How much can I borrow? CMHC insurance MLI Select points

Mortgage qualifier

How much can I borrow?

A quick estimate using Canada's stress test and lender debt limits. I can give you an exact answer.

You could buy up to about

—

Enter your income and down payment to see your estimate.

Get an exact answer from Ap

Estimate only, not a mortgage approval. Stress test at the higher of 5.25% or your rate plus 2%, debt limits of 39% and 44%, and about $100 a month for heating. Lenders also look at credit, income proof and the property.

Less than 20% down?

CMHC mortgage insurance calculator

With under 20% down, your mortgage needs default insurance from CMHC, Sagen or Canada Guaranty. See the minimum down payment and what the premium adds to your mortgage.

Insurance premium

—

Enter a price and down payment.

Apply with Ap

Estimate using CMHC's standard premium rates (4.00% at 5-9.99% down, 3.10% at 10-14.99%, 2.80% at 15-19.99%, plus 0.20% for a 30-year amortization). Insured mortgages are available on homes under $1.5 million. BC charges no PST on the premium.

For builders and rental investors

CMHC MLI Select points calculator

For rental buildings with 5 or more units. Score points for affordable rents, energy efficiency and accessibility, and see the financing you could unlock.

MLI Select score

0 points

Talk to Ap about your project