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Review Keywords Analysis

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

Mortgage Affordability Calculator Hamilton, ON

How much house can you afford in Hamilton? 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 Hamilton

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

1

Bold Mortgage Group - Mortgage Financial Corporation Lic. #10421

Verified

Licensed as Mortgage Financial Corporation Lic. #10421, Bold Mortgage Group tailors mortgage solutions for first-time buyers and investors alike. Their team guides clients through each step with clear communication and personalized attention, helping ease common stresses. While the process can be detailed, customers appreciate the group’s knowledgeable and approachable support.

Services & Prices
First Time Home Buyer Financing $10 - $20
Refinancing Services $15 - $25
Mortgage Pre-Approval $5 - $15
Property Evaluation Guidance $10 - $20
View Profile
(289) 780-1173
Closed Now
549 Stone Church Rd E #1, Hamilton, ON L8W 3K7, Canada
General Services
Mortgage Financing
2

Mission35 Mortgages

Known for a personal and supportive approach, Mission35 Mortgages helps clients with personal, business, and investment mortgage needs. The team guides borrowers through the entire process with clear communication and kindness, making complex financing easier to navigate. Some customers note occasional delays but appreciate the consistent availability and thorough assistance.

Services & Prices
First Time Home Buyer Assistance Fee quoted per loan
Property Evaluation Assistance Fee quoted per loan
View Profile
(905) 574-5255
Closed Now
59 John St S, Hamilton, ON L8N 2B9, Canada
General Services
Mortgage Services
3

Synergy Mortgage Group

Synergy Mortgage Group works exclusively for clients to explore all mortgage options and streamline the financing process. The team offers personalized guidance for first-time buyers, refinancing, and investment properties, with prompt communication and thorough support. Some customers note the fast pace can feel intense but appreciate the clear answers throughout.

Services & Prices
Home Purchase Mortgage Free Consultation
Refinancing Free Consultation
Investment Property Mortgage Free Consultation
Standard Pre-Approval Free Consultation
View Profile
(289) 335-1262
Closed Now
21 Bold St, Hamilton, ON L8P 1T3, Canada
General Services
Mortgage Brokerage
4

Davis Carroll - Mortgage Agent

Known for responsive and personalized mortgage guidance, Davis Carroll helps clients navigate complex home financing with clear communication and steady support. The agents assist with mortgage approvals, refinancing, and broker consultations, often staying available beyond regular hours. Customers appreciate the team’s patience and thorough explanations, especially first-time buyers.

Services & Prices
Mortgage Pre-Approval Free Consultation
Mortgage Refinancing Free Consultation
Home Purchase Loans Free Consultation
View Profile
(289) 776-5041
Open 00:00 - 23:59
21 Bold St,Hamilton, ON L8P 1T3
General Services
Mortgage Services
5

Empire Mortgage Group

Empire Mortgage Group focuses on guiding clients through every step of the mortgage process with clear communication and personalized financial planning. Their team assists with home purchases, refinancing, and investment property loans, often praised for responsiveness and professionalism. Some customers note the process can feel detailed but appreciate the thorough support.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Investment Property Financing Free Consultation
Refinancing Free Consultation
Multifamily Property Financing Free Consultation
View Profile
(365) 317-6247
Open 00:00 - 23:59
161 Dundurn St S,Hamilton, ON L8P 4K4
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

The Personal Mortgage Group - Mortgage Broker, Hamilton ON

The Personal Mortgage Group specializes in guiding first-time homebuyers through the mortgage process with clear explanations and responsive support. Their team helps clients explore mortgage options, pre-approvals, and refinancing, often noted for making complex decisions easier and keeping the experience smooth. Some customers mention occasional delays but appreciate the professional and… more...

The Personal Mortgage Group specializes in guiding first-time homebuyers through the mortgage process with clear explanations and responsive support. Their team helps clients explore mortgage options, pre-approvals, and refinancing, often noted for making complex decisions easier and keeping the experience smooth. Some customers mention occasional delays but appreciate the professional and patient approach.

Services & Prices
New Home Purchase Mortgage Free Consultation
Mortgage Refinance Free Consultation
Mortgage Pre-Approval Free Consultation
View Profile
(905) 546-0550
Closed Now
233 Queen St S, Hamilton, ON L8P 3S9, Canada
General Services
Mortgage Services
7

Verico - Best Mortgage Loans inc.

Best Mortgage Loans works with a wide range of respected local, national, and international lenders to find competitive mortgage rates. The team guides clients through the mortgage process with clear communication and professional support, though some may find the process takes time due to thoroughness. Customers appreciate the personalized attention and steady updates throughout their… more...

Best Mortgage Loans works with a wide range of respected local, national, and international lenders to find competitive mortgage rates. The team guides clients through the mortgage process with clear communication and professional support, though some may find the process takes time due to thoroughness. Customers appreciate the personalized attention and steady updates throughout their home-buying journey.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Renewal Free Consultation
Refinancing Assistance Free Consultation
Credit Score Assessment Free Consultation
View Profile
(905) 667-8088
Closed Now
949 Garth St, Hamilton, ON L9C 4L3, Canada
General Services
Mortgage Services
8

Canadian Mortgage Authority Inc. - Hamilton Mortgage Broker

Canadian Mortgage Authority Inc. works independently to secure mortgage deals that prioritize your interests, not the banks’. Their team of full-time professionals across Ontario handles research, negotiation, and paperwork for home purchases, renewals, and refinancing. Customers appreciate their clear communication and patient guidance throughout the process.

Services & Prices
First Time Home Buyer Mortgage Free Consultation
Mortgage Renewal Free Consultation
Refinancing Free Consultation
View Profile
Open 00:00 - 23:59
176 Rymal Rd E, Hamilton, ON L9B 1C2, Canada
General Services
Mortgage Services
9

Certified Mortgage Broker Hamilton

Certified Mortgage Broker Hamilton works exclusively with licensed mortgage agents experienced in the Mississauga area, offering guidance on home buying, refinancing, and self-employed mortgages. The team handles documentation and lender communication, keeping clients informed throughout, though some cases can be complex and require patience.

Services & Prices
Home Purchase Mortgage Free Consultation
Mortgage Refinancing Free Consultation
Self-Employed Mortgage Assistance Free Consultation
Custom Rate Analysis Free Consultation
View Profile
(289) 768-8090
Closed Now
21 King St W 5th Floor, Hamilton, ON L8P 4W7, Canada
General Services
Mortgage Services
10

Kim Steele – Mortgage Agent Hamilton - Dominion Lending Centres Canuck Mortgage Group

Licensed mortgage agents at this Dominion Lending Centres Canuck Mortgage Group location offer access to a wide range of mortgage products from various Canadian banks and lenders. The team assists with first-time home purchases, refinancing, and equity takeouts, providing clear guidance throughout the process. Clients appreciate their responsiveness and thorough knowledge, though some note the… more...

Licensed mortgage agents at this Dominion Lending Centres Canuck Mortgage Group location offer access to a wide range of mortgage products from various Canadian banks and lenders. The team assists with first-time home purchases, refinancing, and equity takeouts, providing clear guidance throughout the process. Clients appreciate their responsiveness and thorough knowledge, though some note the process can be detailed.

Services & Prices
Fixed-Rate Mortgage Free Consultation
View Profile
(289) 775-5847
Closed Now
848 Fennell Ave E, Hamilton, ON L8V 1W1, Canada
General Services
Mortgage Services

Latest reviews of Hamilton Mortgage Brokers

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

    We had the pleasure of working with Kyle and Josh at Synergy Mortgage Group. No matter what day or time they were always available to answer any questions or concerns that arose providing creative solutions to fit our needs. Their knowledge and professionalism are just a couple of reasons we would h…

Hamilton Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Bold Mortgage Group - Mortgage Financial Corporation Lic. #10421 5.0 100 $5 (289) 780-1173 Visit
2 Mission35 Mortgages 5.0 499 Fee quoted per loan (905) 574-5255 Visit
3 Synergy Mortgage Group 4.9 102 Free Consultation (289) 335-1262 Visit
4 Davis Carroll - Mortgage Agent 5.0 100 Free Consultation (289) 776-5041 Visit
5 Empire Mortgage Group 5.0 100 Free Consultation (365) 317-6247 Visit
6 The Personal Mortgage Group - Mortgage Broker, Hamilton ON 5.0 100 Free Consultation (905) 546-0550 Visit
7 Verico - Best Mortgage Loans inc. 4.9 55 Free Consultation (905) 667-8088 Visit
8 Canadian Mortgage Authority Inc. - Hamilton Mortgage Broker 5.0 45 Free Consultation — Visit
9 Certified Mortgage Broker Hamilton 5.0 45 Free Consultation (289) 768-8090 Visit
10 Kim Steele – Mortgage Agent Hamilton - Dominion Lending Centres Canuck Mortgage Group 5.0 45 Free Consultation (289) 775-5847 Visit

How this Hamilton 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 mortgage affordability calculator work?
The calculator estimates the maximum home price you can afford based on your income, debts, down payment, and interest rate. It considers CMHC insurance, property tax, and the stress test.
What is the mortgage stress test in Ontario?
In Ontario, borrowers must qualify at the higher of their contract rate plus 2% or 5.25%. This ensures you can afford payments if rates rise.
How much house can I afford with a $100k salary in Hamilton?
Your affordability depends on your debts, down payment, and interest rate. The calculator uses these to estimate your maximum home price, considering GDS and TDS limits.
Can first-time buyers in Hamilton get a 30-year mortgage?
Yes, first-time buyers and buyers of newly built homes can opt for a 30-year amortization on an insured mortgage, subject to CMHC rules.
How do debts affect my mortgage affordability?
Debts reduce the amount you can borrow. The total debt service (TDS) ratio, including mortgage payments, must not exceed 44% of your gross income.
What is the property tax rate in Ontario?
Property tax in Ontario is approximately 0.85% of the home's value annually, based on 2025 municipal rates.
What's the difference between pre-approval and pre-qualification?
Pre-qualification is an estimate of what you might afford. Pre-approval is a formal offer from a lender, verifying your income, debts, and credit.
What does a mortgage broker do?
A mortgage broker helps you find mortgage options by comparing different lenders. They assist with the application process but do not lend money themselves.

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