Calculators

Mortgage stress test calculator

The federal qualifying rate, your GDS and TDS ratios, and the maximum mortgage a lender will approve on your income.

Your situation

Household income ($/yr)Contract rate (%)Amortization (yrs)Down payment ($)Property tax ($/mo)Heating ($/mo)Condo fees ($/mo)Other debt payments ($/mo)

You must qualify at

6.29%

Max purchase price

$849,997.52

Max mortgage

$699,997.52

Payment at your rate

$3,793.00/mo

Payment at the stress rate: $4,600.00/mo

Your ratios at the maximum

Lenders cap GDS at 39% and TDS at 44% of gross income, computed at the qualifying rate.

GDS (housing costs)

39.0%

TDS (housing + debts)

39.0%

The federal stress test qualifies you at the greater of your contract rate + 2% and 5.25%. Half of condo fees count toward housing costs. An estimate — your lender's exact ratios, credit policy, and appraisal decide the real number.

Not financial, tax, or investment advice.