How much can I borrow?

Enter the requested figures to the best of your knowledge to get an estimate.

I’m shopping for a condo

Available down payment

The calculation sets aside 1.5% of the price for closing costs (welcome tax, notary, etc.).

Loan-to-value (LTV) —

Slide left to borrow less and increase your down payment percentage. Min = purchase with your down payment only.

Gross annual household income

Before tax, all borrowers combined.

Monthly debt payments

Car loan, minimum card and line of credit payments, student loans, etc.

Taxes, heating & condo fees (monthly)

This is only an estimate. If you know the actual amounts for the property, you can enter them.

Interest rate

The stress test uses the greater of 5.25% and this rate + 2%.

For guidance only. This calculation gives you a general idea and is neither an approval nor exact figures. Actual results depend on your complete application, current rates and lender criteria. Contact us for precise numbers.

Estimated maximum purchase price

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Estimated mortgage—
Down payment—
Closing costs—
Mortgage default insurance—
Estimated monthly payment—

Assumptions: qualifying (stress test) rate of , closing costs estimated at 1.5% of the price, 25-year amortization, GDS 39% / TDS 44% ratios, municipal and school taxes estimated at 0.9% of value per year, heating at $90/month (house) or $50/month (condo) and condo fees estimated at 0.9% of value per year, counted at 50%.

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Maximum amount Compare the loan

How much can I take out of my home?

With a refinance, you can generally borrow up to 80% of your home’s value.

Total estimated property value

Remaining mortgage balance

Include any home equity line of credit secured by the property.

New mortgage interest rate

The estimated mortgage rate on your new loan.

Renewal in less than 4 months?

Taking out equity close to your renewal date generally means no penalty. Contact us for more details.

For guidance only. This calculation gives you a general idea and is neither an approval nor exact figures. Actual results depend on your complete application, current rates and lender criteria. Contact us for precise numbers.

Maximum amount you could take out

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Current balance
Available
Still available
Retained equity (20%)

Maximum loan (80% of value)—
Remaining balance—
Current loan-to-value—
Amount taken out—
New total mortgage—
Still available after this take-out—
Estimated monthly payment on new loan—
Interest saved with the new loan—

Payment calculated on a loan of 80% of the value, amortized over 25 years, at the rate entered.

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Estimate your welcome tax

Transfer duties are calculated in brackets, using the rates.

Purchase price

The tax base is the higher of the price paid and the adjusted municipal assessment.

Municipality

Montréal Elsewhere in Québec

Consider available financial assistance programs

For guidance only. This calculation gives you a general idea and is neither an approval nor exact figures. Actual results depend on your complete application, current rates and lender criteria. Contact us for precise numbers.

Estimated transfer duties

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Some municipalities (including Québec City, Laval, Gatineau and others) also apply higher brackets for higher-value properties. Exemptions may apply (for example between spouses or direct family).

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Mortgage calculators

How much can I borrow?

How much can I take out of my home?

Estimate your welcome tax

Refundable tax credit for access to homeownership

Find the financing that fits your budget