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Cheryl DevenneyReal Estate TeamRight At Home Realty, Brokerage
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Mortgage payment, affordability & stress test.

One set of numbers, three answers: what you will pay, how much house you can afford, and whether you pass the bank’s stress test.

The mortgage

Use the home price you are considering.

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Minimum is 5% of the first $500,000 + 10% of the rest (up to $1.5M). Under 20% means CMHC insurance.
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Your lender’s rate
30 years is available for first-time buyers and new builds with insurance.

Your household

Needed for affordability and the stress test.

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Car loans, credit card minimums, student loans, support payments
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Leave at 0 for a house

Estimates only. Rates, rules and fees change and your lender, lawyer and tax adviser have the final word — please confirm before you rely on any number. Affordability uses the standard 39% GDS and 44% TDS limits at the qualifying rate (the greater of your rate + 2% or 5.25%). Lenders may apply their own rules, and CMHC premiums, the $1.5 million insured limit and 30-year amortization rules can change.

Want a real number for your situation?

Cheryl & Charlie will run it with you — free, no pressure.

Call 905-442-4062Email us

More free tools

Keep going. Every calculator is free and built for Ontario.

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Know your numbers? Now see your price range.

Answer five quick questions and see how much home you could afford in Durham Region. Then book a free 20-minute buyer game plan with Cheryl and Charlie.

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