Stress Test Calculator

Stress Test Calculator

New Stress Test Rate for Uninsured Mortgages: The higher of 5.25% and your mortgage rate + 2%

New Stress Test Rate for Insured Mortgages: The higher of 5.25% and your mortgage rate + 2%

Mortgage Terms
$
%
=
$
%
Annual Household Income
$
$
What type of home are you looking for?
Monthly Non-Housing Expenses
$
$
$
$
Monthly Debt Payments
$

Estimated Monthly Home Expenses

$
/mo
$
/mo

PASS

FAIL

Congratulations! You’ll likely pass your mortgage stress test!
+
PASS FAIL Minimum Down Payment
Congratulations! Your down payment of $100,000 meets the minimum requirement of $25,000.
+
PASS FAIL GDS Ratio

Your GDS ratio is comuted by adding up

  • your stress-test mortgage payment of $ per month,
  • your property tax of $ per month,
  • your heating costs of $0 per month,
  • and half your condo fee of $ per month,

for a total of $ , then dividing by your gross monthly income of $

+
PASS FAIL TDS Ratio

Your TDS ratio is comuted by adding up

  • your stress-test mortgage payment of $ per month,
  • your property tax of $ per month,
  • your heating costs of $0 per month,
  • and half your condo fee of $ per month,

for a total of $ , then dividing by your gross monthly income of $

+
PASS FAIL Total Expenses
Congratulations! You could likely afford the stress-test mortgage payment of $2,384 per month.