Mortgageprep.ca learning hub
Explore the numbers behind the decision.
Try mortgage payment, debt-service ratio and loan-to-value calculations with transparent assumptions and straightforward explanations.
Educational estimates only. Mortgage payment calculation assumes a fixed nominal annual rate compounded semi-annually with monthly payments; variable-rate products or different contractual conventions may produce different results. Ratios are simplified examples and do not include every lender adjustment, qualifying rate, fee, insurance premium or tax. These calculators do not determine credit approval.
Learn the method
Don't just memorize a formula.
Our Level 1 exam-prep course connects the calculation to a client situation so you learn when it is appropriate and what the result means.
Read the calculation guide →Three essentials to remember
- LTV = loan amount ÷ property value × 100
- GDS compares qualifying housing costs with gross income
- TDS includes additional qualifying debt obligations