Mortgage affordability estimator
Know your budget. Know what may fit.
One affordability check brings together
The affordability estimate brings together the selected mortgage, qualifying payment, household income, debt, GDS, TDS and estimated income required.
Property and household details
Check this home's affordability
Add household income, monthly debt payments and any typical unpaid revolving balance.
How it works
Understand how this home compares with qualification guidelines.
Morteller combines the property, mortgage, household income and monthly debt to estimate the qualifying payment, income required, Gross Debt Service ratio and Total Debt Service ratio.
About Morteller's calculation approachWhat you enter
Home price, down payment, Ontario city, property type, household income and applicable monthly debt.
What you receive
An estimated qualifying payment, income comparison, GDS, TDS and a clear qualification status.
Good to know
This free estimate is for planning only. It is not a mortgage approval, pre-approval or lender offer.
Good to know
Clear answers before you estimate.
Morteller helps with early planning. It does not replace advice or a final quote.
What does Morteller estimate?
Morteller offers calculators across buying, owning, renewing and selling. They cover monthly ownership costs, affordability, closing costs, down payment planning, property tax, mortgage schedules and prepayments, home equity, renewal choices, current rates and estimated sale proceeds.
Is Morteller a free home cost estimator?
Yes. Morteller is a free home cost estimator with connected monthly-cost, closing-cost and affordability calculators. No signup, subscription or contact details are required.
Can I use each calculator independently?
Yes. Open Explore tools and choose any calculator directly. Every dedicated calculator uses the same Morteller experience as the homepage and asks only for the information that tool needs.
Is this a mortgage approval or lender quote?
No. Morteller is a planning tool. Its results are not a mortgage approval, lender offer, tax bill, utility bill or insurance quote.
Why is Ontario property tax not based directly on the purchase price?
Ontario property taxes use assessed values. Morteller estimates a 2016-equivalent assessed value using local property benchmarks before applying the municipality's residential tax rate.
Do I need to provide contact or credit information?
No. Morteller does not ask for your name, email address, phone number, credit score or account details. Calculator inputs are processed to return the estimate and are not stored in a Morteller account or calculation history. Google Analytics is used for aggregate website traffic and performance.
Which provinces does Morteller support?
Morteller currently supports Ontario. Choose a supported municipality for local estimates or use the Ontario-wide option when your municipality is not listed. More provinces are planned.
Can Morteller check this home's affordability?
Yes. Enter the property, gross household income and relevant debt amounts to compare it with standard mortgage qualification guidelines. The result includes estimated income required, a qualifying payment, Gross Debt Service and Total Debt Service ratios, but it is not a mortgage approval or pre-approval.
Does Morteller estimate closing costs?
Yes. Start from your monthly results or use the closing-cost tool directly. Morteller estimates applicable land transfer tax, rebates, legal fees, title insurance and other buying costs separately from monthly ownership costs.
Can Morteller help with my mortgage renewal?
Yes. Enter your remaining balance, current rate and remaining amortization to see your estimated payment at today's public Big 5 rates and how much it could change. You can also add a renewal offer to see how it compares. It is a planning estimate, not a lender offer.