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Review Keywords Analysis

  1. Canada
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Ontario
  4. Brampton
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Brampton, ON

How much house can you afford in Brampton? 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.

Property tax and rules are for this province.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Brampton

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Canadian Mortgage Services

Verified

Licensed since 1988, Canadian Mortgage Services offers a wide range of mortgage solutions including purchases, refinancing, renewals, and reverse mortgages. The team works with various lenders to assist homeowners, first-time buyers, and clients with unique financial situations. Customers appreciate the knowledgeable, patient guidance throughout the process, though some note the occasional need… more...

Licensed since 1988, Canadian Mortgage Services offers a wide range of mortgage solutions including purchases, refinancing, renewals, and reverse mortgages. The team works with various lenders to assist homeowners, first-time buyers, and clients with unique financial situations. Customers appreciate the knowledgeable, patient guidance throughout the process, though some note the occasional need for clearer communication on fees.

Services & Prices
Home purchase mortgages No fee to you with prime lenders
Refinances and equity take-outs No fee to you with prime lenders
Second mortgages and private lending Fees disclosed in writing before you commit
Guidance through the whole process Free
View Profile
(905) 455-5005
Open 9:00 AM - 9:00 PM
4 Wildercroft Ave, Brampton, ON L6V 4E6, Canada
General Services
Residential Mortgages
2

Nanak Mortgages

Verified

Nanak Mortgages specializes in helping clients with unique or challenging financial situations secure mortgage approvals. The team works with a wide range of lenders, including major banks and private options, to find suitable financing for first-time buyers and investors alike. Customers appreciate their clear communication, patience, and ability to simplify the mortgage process.

Services & Prices
Residential Mortgage, Commercial Mortgage, Mortgage Refinance)
Mortgage Strategy Planning, Credit Assessment)
View Profile
(647) 923-5659
Open 9:00 AM - 6:00 PM
9280 Goreway Dr Unit C-102, Brampton, ON L6P 4N1, Canada
General Services
Mortgage Services
3

Rakhi Madan Mortgage Agent

Verified

Known for a strategy-first approach, Rakhi Madan Mortgage Agent helps clients understand the full picture of home financing beyond just rates. The team offers personalized mortgage plans for purchases, renewals, and refinancing across Brampton and nearby areas, with clear guidance that many clients find reassuring throughout the process.

Services & Prices
Mortgage Application Assistance, Pre-Approval Services)
Refinance Application Processing, Interest Rate Negotiation, Debt Consolidation Advice)
First-Time Homebuyer Advice, Home Equity Assessment, Closing Process Support)
Budget Planning for Home Purchase, Credit Score Improvement Guidance, Investment Property Financing Advice)
View Profile
(647) 886-8710
Open 9:00 AM - 5:00 PM
10 George St N Unit #108
General Services
Mortgage Brokerage
4

Simplify Mortgage Solutions

Verified

With extensive industry experience and formal qualifications, Simplify Mortgage Solutions offers independent mortgage brokerage with a personal touch throughout the entire process. The team helps clients explore mortgage options clearly and stays responsive from start to finish. Customers appreciate their reliability and professional guidance, though some note the process can be complex.

Services & Prices
Pre-Approval $300 - $500
Mortgage Refinancing $500 - $1000
View Profile
(647) 291-7116
Open 9:30 AM - 8:00 PM
15 Gateway Blvd Unit 201-4
General Services
Mortgage Services
5

Lisa Mannello Mortgages - Dominion Lending Centres Mortgage Plus

Verified

Building Financial Futures, One Mortgage at a Time.

View Profile
(416) 655-5420
Open 9:00 AM - 5:00 PM
10045 Hurontario St, Brampton, ON L6Z 0E6, Canada
Where they are 10 on the map Click a pin for the profile and directions
6

Brampton Mortgage Broker - Rumy Gill

Specializing in helping clients with all income and credit situations, Rumy Gill offers a streamlined mortgage process requiring just one application. The team handles communication with multiple lenders to save time and provides support for home equity loans without affecting credit scores. Customers appreciate the clear explanations and responsive service throughout.

Services & Prices
Mortgage Approval Free Consultation
Mortgage Refinance Free Consultation
Second Mortgage Free Consultation
View Profile
Open 10:00 AM - 8:00 PM
65 Braydon Blvd #3, Brampton, ON L6P 2S4, Canada
General Services
Mortgage Services
7

DELTA MORTGAGES INC.

Delta Mortgages Inc. specializes in guiding clients through the mortgage process with patience and clear communication. Their team helps with home purchases, refinancing, and investment property mortgages, often praised for responsiveness and thoroughness. Some customers note the broker’s busy schedule, but appreciate the attentive support throughout.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Refinancing Services Free Consultation
Investment Property Mortgages Free Consultation
View Profile
Open 9:00 AM - 5:00 PM
235 Queen St E, Brampton, ON L6W 2B5, Canada
General Services
Mortgage Services
8

Paul Hunjan - Mortgage Broker

Known for clear communication and a steady approach, Paul Hunjan helps with all types of mortgages, including refinancing, equity takeouts, and debt consolidation. The team guides clients through financing options for home purchases and renovations, with many appreciating their responsiveness and straightforward explanations throughout the process.

Services & Prices
Refinancing Assistance Free Consultation
Home Buying Workshops Free Consultation
View Profile
(416) 820-8601
Open 9:00 AM - 8:00 PM
256 Queen St W, Brampton, ON L6X 1B1, Canada
General Services
Mortgage Services
9

Kingdom Mortgages

Kingdom Mortgages is known for its transparent, flexible approach and strong community involvement, supporting local charities that aid vulnerable populations and promote gospel music. The team offers mortgage and refinancing services with a focus on personalized guidance and clear communication. Customers appreciate their responsiveness and professionalism throughout the process.

Services & Prices
Mortgage Approval Free Consultation
Mortgage Refinance Free Consultation
Commercial Mortgage Free Consultation
View Profile
(416) 697-6423
Open 9:00 AM - 5:00 PM
2250 Bovaird Drive E Suite 609 Brampton L6R 0W3, Brampton, ON L6X 1R2, Canada
General Services
Mortgage Services
10

CLARITY FINANCIAL

Clarity Financial focuses on creating mortgage plans that build long-term wealth, especially supporting clients new to homeownership or real estate investing. The team guides customers through every step, offering clear advice and responsive communication, though some have noted occasional delays during busy periods. Their approach aims to make complex mortgage processes more manageable.

Services & Prices
Home Purchase Mortgage Free Consultation
Mortgage Refinance Free Consultation
Market Analysis & Insights $300 - $600
View Profile
(905) 791-8000
Open 9:30 AM - 5:30 PM
40 Maritime Ontario Blvd Unit 33, Brampton, ON L6S 0E7, Canada
General Services
Mortgage Services

Latest reviews of Brampton Mortgage Brokers

Written on TrustAnalytica by clients of the businesses in this list
  • Nazir

    Another successful closing done by Jasmeen Parmar. She is professional, knowledgeable and trustworthy. She has excellent knowledge on mortgage. My closing was very smooth and worry free. Jasmeen and her team was there to answer any questions or concerns I may have. I am very impressed with her outst…

  • Krunal

    She is so kind and helpful in a way to get any difficult mortgage, I have my personal experience working with her to get my mortgage, It's not only like to do the job she is taking care of all the client personally regarding mortgage, she works till closing goes smoothly, at the end I will say she i…

Brampton Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Canadian Mortgage Services 5.0 208 No fee to you with prime lenders (905) 455-5005 Visit
2 Nanak Mortgages 5.0 113 — (647) 923-5659 Visit
3 Rakhi Madan Mortgage Agent 5.0 101 — (647) 886-8710 Visit
4 Simplify Mortgage Solutions 4.9 84 $300 (647) 291-7116 Visit
5 Lisa Mannello Mortgages - Dominion Lending Centres Mortgage Plus 5.0 2 — (416) 655-5420 Visit
6 Brampton Mortgage Broker - Rumy Gill 5.0 99 Free Consultation — Visit
7 DELTA MORTGAGES INC. 4.9 94 Free Consultation — Visit
8 Paul Hunjan - Mortgage Broker 5.0 81 Free Consultation (416) 820-8601 Visit
9 Kingdom Mortgages 5.0 70 Free Consultation (416) 697-6423 Visit
10 CLARITY FINANCIAL 4.3 79 $300 (905) 791-8000 Visit

How this Brampton 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%.

Ontario 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 0.85% of the home's value a year (Ontario 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

8 questions
How does the Brampton mortgage affordability calculator work?
It estimates the highest home price you can afford based on your income, debts, down payment, and interest rate, considering Ontario's CMHC and stress test rules.
What is the stress test for mortgages in Ontario?
You must qualify at the higher of your contract rate plus 2% or 5.25% to ensure affordability even if rates rise.
How do GDS and TDS affect my mortgage in Brampton?
GDS limits housing costs to 39% of income, while TDS limits all debts to 44%, both at the qualifying rate.
Can first-time buyers in Ontario get a 30-year mortgage?
Yes, first-time buyers and buyers of new homes can have a 30-year amortization on an insured mortgage.
How do debts affect my mortgage affordability?
Higher monthly debts reduce the mortgage amount you qualify for, as lenders consider your total debt service ratio (TDS).
What are property taxes like in Ontario?
Property tax is approximately 0.85% of the home's value annually, based on 2025 municipal rates.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval involves lender verification of income and debts, while pre-qualification is an initial estimate without verification.
What does a mortgage broker do in Brampton?
Mortgage brokers help you find and apply for a mortgage, comparing different lenders to find suitable options.

General information, not financial advice — consult a qualified professional.