Mortgage Affordability Calculator Coquitlam, BC
How much house can you afford in Coquitlam? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.
Updated · 2026 stress test and CMHC rules
Add your partner's income if you're buying together.
Car loans, credit cards, lines of credit, student loans. Not rent.
Enter your yearly household income.
Savings, RRSP Home Buyers' Plan, FHSA and gifts from family all count. Minimum: 5% of the first $500,000, 10% above that.
4.49% (a typical 5-year fixed, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
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Jon Chan, RBC Mortgage Specialist
4.9 · 74 reviews · Free pre-approval
Get pre-approved →
The Mortgage Shoppers
5.0 · 19 reviews · Free pre-approval
Get pre-approved →
Dare 2 Dream Mortgage Company
5.0 · 10 reviews · Free pre-approval
Get pre-approved →
An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Top-rated mortgage brokers in Coquitlam
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
Jon Chan, RBC Mortgage Specialist
Specializing in first-time homebuyers and mortgage transfers to RBC, this team offers personalized guidance to help clients navigate financing for homes and investment properties. Clients appreciate the attentive communication and timely support, especially during complex or time-sensitive transactions, making the process feel more manageable and clear.
The Mortgage Shoppers
The Mortgage Shoppers specialize in guiding first-time home buyers through the mortgage process with clear, patient support. Their team offers a range of services including refinancing, commercial financing, and private lending, often praised for responsiveness and thorough explanations. Some clients note the process can feel detailed, but the team’s approachable style helps ease concerns.
Dare 2 Dream Mortgage Company
Known for clear communication and personalized guidance, Dare 2 Dream Mortgage Company helps clients navigate complex mortgage and refinance processes with care and responsiveness. The team stays attentive from start to finish, making the experience smoother even when challenges arise. Customers appreciate their patience and practical advice throughout each step.
How this Coquitlam mortgage affordability calculator works
Lenders approve a mortgage when two ratios stay under their limits. Housing costs (mortgage payment, property tax and heating) must be no more than 39% of your gross income, and housing costs plus your other debt payments no more than 44%. The payment is tested at the qualifying rate, not your actual rate. The calculator finds the highest home price that passes both tests and the minimum down payment rules, and adds CMHC insurance to the loan when you put down less than 20%.
British Columbia rules and numbers this calculator uses
- Stress test
- You must qualify at the higher of your rate plus 2% or 5.25% (OSFI and federal insured-mortgage rules).
- Debt limits
- Housing costs up to 39% of gross income (GDS) and all debts up to 44% (TDS), the CMHC maximums. CMHC also needs a credit score of at least 600.
- Minimum down payment
- 5% of the first $500,000 and 10% of the part above it. Homes priced at $1.5 million or more need 20% down and cannot be insured.
- Mortgage insurance
- Under 20% down, a CMHC premium is added to the loan: 2.80% of the loan at 15–19.99% down, 3.10% at 10–14.99% and 4.00% at 5–9.99%, plus 0.20% for a 30-year amortization.
- Amortization
- First-time buyers and buyers of new builds can take 30 years on an insured mortgage; others are tested at 25 years.
- Property tax
- About 0.31% of the home's value a year (British Columbia average, 2025), plus $100 a month for heating.
- Rate
- Starts at 4.49% (a typical 5-year fixed, October 2026). Change it to the rate you have been offered.
An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: CMHC homeowner mortgage loan insurance requirements and premiums, Finance Canada mortgage reforms effective December 15, 2024, OSFI minimum qualifying rate, 2025 municipal residential tax rates.
Frequently asked questions
9 questionsHow does the mortgage affordability calculator work?
What is the stress test for mortgages in British Columbia?
How are GDS and TDS calculated?
How does CMHC insurance work?
Can first-time buyers get a 30-year mortgage in BC?
How do debts affect mortgage affordability?
What is the property tax rate in Coquitlam, BC?
What's the difference between pre-approval and pre-qualification?
What does a mortgage broker do?
General information, not financial advice — consult a qualified professional.