Professional Mortgage Calculator
Comprehensive mortgage calculations for Ontario real estate with Canadian mortgage rules, stress testing, and professional-grade accuracy. Trusted by Farshad Fazaeli Real Estate.
🍁 Canadian Compliant
👥 500+ Happy Clients
⭐ 98% Satisfaction
🏠 Mortgage Details
Your Monthly Payment
$2,806
Principal & Interest only
Principal Paid (5 years)
$60,007
Interest Paid (5 years)
$108,378
Balance After Term
$439,993
Total Payments (5 years)
$168,385
💰 Income & Expenses
Maximum Home Price
$526,979
Based on GDS & TDS ratios
Maximum Mortgage
$426,979
Monthly Payment
$2,394
GDS Ratio
32%
TDS Ratio
38%
📊 Stress Test Analysis
Stress Test Results
$3,156
Payment at stress rate (7.24%)
FAILS - TDS ratio exceeds 44% limit
Stress Rate Used
7.24%
TDS at Stress Rate
50.5%
Maximum TDS Allowed
44%
Recommended Max Mortgage
$435,000
💼 Purchase Details
Total Cash Needed
$163,475
Including all closing costs
Down Payment
$130,000
Land Transfer Tax
$8,475
Legal Fees
$1,500
Home Inspection
$500
Appraisal
$300
CMHC Insurance
$20,800
Other Costs
$1,900
Total Cash Required
$163,475
Ready to Get Pre-Approved?
Get expert mortgage advice and personalized service from Farshad Fazaeli Real Estate
📞
647-667-5555
✉️
farshad.fazaeli@zolo.ca
🏢
Zolo Realty Brokerage