Canada · Planning tools

Canadian Mortgage and Stress Test Calculator

Estimate a Canadian mortgage payment and compare it with a qualifying-rate scenario. See how amortization, payment frequency and your other housing costs affect the calculation.

Your details

Your scenario

Confirmed mortgage principal and compounding terms. Insurance premiums are supplied by your lender. Automatic stress testing is scoped to confirmed new applications under rules verified through 22 October 2026.

Property price (CAD) Down payment (CAD) Lender-confirmed financed balance incl. premium, if any (CAD) Quoted nominal annual rate (%) Confirmed compounding Amortization (years) Mortgage term (years) Payment schedule Principal, insurance treatment and compounding confirmed Insurance status Show stress-test and ratio scenario? Application rule date Application type Lender confirms stress-test and ratio basis Annual gross household income (CAD) Other monthly debt payments (CAD) Monthly property tax (CAD) Monthly heat (CAD) Monthly condo fees (CAD) Lender share of condo fees (%) Lender GDS scenario limit (%) Lender TDS scenario limit (%)

Entries stay in this browser. Examples use illustrative confirmations; replace them with your own checked details.

How to use this tool

Enter the loan and confirmed compounding terms.
Choose amortization, term and payment frequency.
Add household income and debts for the supported qualification scenario.

How the result is calculated

A Canadian fixed-rate quote may use semi-annual compounding. The calculator converts that rate to the payment period, then calculates payments and remaining principal.

Worked example

At zero interest, a $120,000 loan repaid over 120 monthly payments costs $1,000 per month. With interest, the payment must also cover financing costs.

What this result does not cover

This is not a lending decision. Renewal, switching, insured-loan and lender-specific rules may differ from the selected scenario.

Questions people ask

Is the term the full repayment period?

No. The term can end before the amortization period, leaving a balance to renew.

Is stress-test interest what I actually pay?

No. It is a qualification scenario, separate from the contract rate.

Why not divide every annual rate by 12?

That can misstate a rate quoted with semi-annual compounding.

Supported scope and official sources

Source snapshot: 22 October 2026. Independent specialist review is pending. Calculations do not confirm eligibility or replace official decisions.

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