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Review Keywords Analysis

  1. Canada
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Ontario
  4. Oakville
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
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Mortgage Affordability Calculator Oakville, ON

How much house can you afford in Oakville? 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 Oakville

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

1

INDI Mortgage Broker (Formerly Loewen Group Mortgages)

INDI Mortgage Broker focuses on making the mortgage process clear and smooth, with a team known for their patient advice and flexibility, including virtual signings. They assist clients in finding suitable mortgage options and are appreciated for their professional, approachable support throughout what can be a complex process.

Services & Prices
Home Mortgage Free Consultation
Refinancing Free Consultation
Pre-Approval Free Consultation
View Profile
(289) 337-4029
Closed Now
321 Nautical Blvd, Oakville, ON L6L 0C1, Canada
General Services
Mortgage Services
2

Amrit Bains - Mortgage Broker

Licensed and focused on transparent, client-centered service, this brokerage offers a wide range of mortgage options including first-time buyer programs, refinancing, and self-employed mortgages. The team is known for clear communication and fast pre-approvals, helping clients navigate complex situations with fewer credit checks. Customers appreciate their responsiveness and guidance throughout… more...

Licensed and focused on transparent, client-centered service, this brokerage offers a wide range of mortgage options including first-time buyer programs, refinancing, and self-employed mortgages. The team is known for clear communication and fast pre-approvals, helping clients navigate complex situations with fewer credit checks. Customers appreciate their responsiveness and guidance throughout the process.

Services & Prices
Mortgage Application Free Consultation
Mortgage Renewal Free Consultation
Mortgage Pre-Approval Free Consultation
Cash-Out Refinancing Free Consultation
View Profile
(905) 593-3631
Closed Now
1670 North Service Rd E Suite 301, Oakville, ON L6H 1A7, Canada
General Services
Mortgage Services
3

Mountainview Mortgage - The Mortgage Centre - Daniel Christoff

Mountainview Mortgage specializes in matching clients with ideal mortgage solutions by shopping over 100 lenders, offering personalized support through every step. Their team handles everything from first-time homebuyer needs to refinancing and credit challenges, with clients appreciating their clear communication and ongoing assistance after closing. Some note occasional wait times during busy… more...

Mountainview Mortgage specializes in matching clients with ideal mortgage solutions by shopping over 100 lenders, offering personalized support through every step. Their team handles everything from first-time homebuyer needs to refinancing and credit challenges, with clients appreciating their clear communication and ongoing assistance after closing. Some note occasional wait times during busy periods.

Services & Prices
Mortgage Renewal Free Consultation
New Mortgage Free Consultation
Mortgage Refinance Free Consultation
Debt Consolidation Free Consultation
View Profile
(647) 878-5286
Closed Now
228 Lakeshore Rd E, Oakville, ON L6J 1H8, Canada
General Services
Mortgage Services
4

Mortgage Allies

Mortgage Allies focuses on empowering clients through education and personalized mortgage solutions, including new mortgages, renewals, refinancing, and pre-approvals. Their team is known for clear guidance and patience, helping clients navigate complex situations with confidence. Many appreciate their structured Debt Snowball Plan aimed at accelerating mortgage freedom.

Services & Prices
First-Time Homebuyer Mortgage Free Consultation
Refinancing Assistance Free Consultation
Investment Property Mortgage Free Consultation
Credit Score Analysis $50 - $100
View Profile
(647) 281-3301
Open 00:00 - 23:59
2030 Bristol Cir #210, Oakville, ON L6H 0H2, Canada
General Services
Mortgage Services
5

Wilson D'Souza Mortgage Agent

Specializing in strategic mortgage solutions beyond just rates, Wilson D'Souza helps clients navigate complex situations including self-employment and credit challenges. The team offers a broad range of services from first-time home buying to refinancing and investment property financing, with clear communication and thorough guidance praised by customers. Some note the detailed process requires… more...

Specializing in strategic mortgage solutions beyond just rates, Wilson D'Souza helps clients navigate complex situations including self-employment and credit challenges. The team offers a broad range of services from first-time home buying to refinancing and investment property financing, with clear communication and thorough guidance praised by customers. Some note the detailed process requires patience, but many appreciate the steady support throughout.

View Profile
(647) 295-9504
Open 00:00 - 23:59
406 North Service Rd E Suit 300, Oakville, ON L6H 5R2, Canada
Where they are 10 on the map Click a pin for the profile and directions
6

OakPark Mortgage Group

OakPark Mortgage Group specializes in exploring all lender options to find personalized mortgage solutions beyond traditional banks. They assist with home purchases and refinancing, providing clear guidance through complex processes. Clients appreciate the team’s professionalism, responsiveness, and ability to handle challenging situations efficiently.

Services & Prices
Mortgage Renewal Free Consultation
Mortgage Refinance Free Consultation
Home Equity Loan Free Consultation
Conventional Loan Free Consultation
View Profile
(905) 257-2245
Closed Now
216 Oak Park Blvd #114, Oakville, ON L6H 0T8, Canada
General Services
Mortgage Services
7

Mortgage Broker, Iris Dowling

Known for clear communication and a patient approach, Iris Dowling helps clients navigate the mortgage process with confidence. The team assists with everything from first-time home purchases to mortgage renewals, consistently providing thorough explanations and timely responses. Customers appreciate the smooth, stress-reduced experience throughout each step.

Services & Prices
Purchase Mortgages Free Consultation
Refinancing Free Consultation
Pre-Approval Free Consultation
View Profile
(416) 567-9915
Closed Now
Oakville, ON L6H 0H3, Canada
General Services
Mortgage Services
8

Signature Mortgage Group - Your Mortgage Team

Signature Mortgage Group specializes in personalized mortgage solutions backed by extensive local market knowledge and strong lender connections. Their team offers a wide range of services, including first-time homebuyer support, refinancing, and credit improvement, with clear explanations and transparent comparisons. Clients appreciate their responsiveness and thorough guidance throughout the… more...

Signature Mortgage Group specializes in personalized mortgage solutions backed by extensive local market knowledge and strong lender connections. Their team offers a wide range of services, including first-time homebuyer support, refinancing, and credit improvement, with clear explanations and transparent comparisons. Clients appreciate their responsiveness and thorough guidance throughout the mortgage process.

Services & Prices
Mortgage Review Sessions Free Consultation
View Profile
(905) 469-0766
Closed Now
1500 Upper Middle Rd W Ste 135, Oakville, ON L6M 0C2, Canada
General Services
Post-Purchase Support
9

Best Rates

With over 12 years of experience and access to more than 50 lenders, Best Rates focuses on finding mortgage solutions that fit each client’s unique financial goals. Their licensed agents assist with home purchases, refinancing, renewals, and more, guiding clients clearly through every step. Customers appreciate their fast, transparent process and supportive communication throughout.

Services & Prices
Mortgage Approval Free Consultation
Refinancing Free Consultation
View Profile
(416) 822-7357
Closed Now
103 - 1660 North Service Rd E #103, Oakville, ON L6H 7G3, Canada
General Services
Mortgage Services
10

Certified Mortgage Broker

Known for a patient and clear approach, this mortgage broker helps clients navigate both first-time home purchases and refinancing with ease. The team offers thorough explanations and attentive support throughout the mortgage application process. Customers appreciate the professional, smooth experience, though some note the process can take time.

View Profile
(289) 768-8090
Closed Now
2010 Winston Park Dr Ste 200, Oakville, ON L6H 6X7, Canada
Oakville Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 INDI Mortgage Broker (Formerly Loewen Group Mortgages) 5.0 798 Free Consultation (289) 337-4029 Visit
2 Amrit Bains - Mortgage Broker 5.0 197 Free Consultation (905) 593-3631 Visit
3 Mountainview Mortgage - The Mortgage Centre - Daniel Christoff 5.0 185 Free Consultation (647) 878-5286 Visit
4 Mortgage Allies 5.0 102 $50 (647) 281-3301 Visit
5 Wilson D'Souza Mortgage Agent 5.0 71 — (647) 295-9504 Visit
6 OakPark Mortgage Group 4.9 63 Free Consultation (905) 257-2245 Visit
7 Mortgage Broker, Iris Dowling 5.0 57 Free Consultation (416) 567-9915 —
8 Signature Mortgage Group - Your Mortgage Team 5.0 55 Free Consultation (905) 469-0766 Visit
9 Best Rates 5.0 50 Free Consultation (416) 822-7357 Visit
10 Certified Mortgage Broker 5.0 39 — (289) 768-8090 Visit

How this Oakville 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?
It estimates your maximum home price using income, debts, down payment, and interest rate. It considers CMHC rules and property tax. A pre-approval confirms the amount.
What is the stress test for mortgages in Ontario?
You must qualify at the higher of your contract rate plus 2% or 5.25%. This ensures you can afford payments if rates rise.
How do GDS and TDS affect my mortgage in Oakville?
GDS limits housing costs to 39% of gross income; TDS limits all debts to 44%. Both are calculated at the qualifying rate.
Can first-time buyers in Oakville get a 30-year mortgage?
Yes, first-time buyers and those buying new homes can get a 30-year amortization on insured mortgages.
How do my debts affect how much I can borrow?
Higher monthly debts reduce your borrowing capacity by affecting your TDS ratio, which must stay under 44% of your gross income.
What is the property tax rate in Oakville?
Property tax in Ontario is about 0.85% of the home's value annually, based on 2025 rates.
What is the difference between pre-approval and pre-qualification?
Pre-approval involves verifying income, debts, and credit, giving a more accurate borrowing limit than pre-qualification, which is an estimate.
What does a mortgage broker do?
A mortgage broker helps you find suitable mortgage options by comparing different lenders' offers, potentially saving you time and money.

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