Where do you actually stand?
A two-part check: how much room you have on the 40% debt-service threshold, and what your payment becomes if Prime moves up.
01 Your income & monthly obligations
Gross income means before tax. If you’re using TDS mode, include heat & 50% of condo fees as lenders do.
02 Your mortgage
Use your current balance and rate. The amortization is how many years are left, not your original term.
Your debt-service position
If Prime moves up — what happens to your payment?
Same mortgage. Same amortization. We just shock the rate to see what the new payment would be. The red row is your current baseline.
| Scenario | Rate | Payment | Monthly Δ | Annual Δ | New TDS% |
|---|
Payments are calculated using standard Canadian mortgage formulas (semi-annual compounding). The 40% threshold is a guideline based on typical lender Total Debt Service limits (40–44% depending on product). This calculator is for informational purposes only and does not constitute pre-approval, lender offers, or financial advice. Talk to your broker before making any decisions about your mortgage.
