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Review Keywords Analysis

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

Mortgage Affordability Calculator Oshawa, ON

How much house can you afford in Oshawa? 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 Oshawa

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

1

The Mortgage Doctors | Oshawa & Durham Region Mortgages

The Mortgage Doctors specialize in personalized mortgage solutions backed by over 50 years of combined experience and a network of more than 50 lenders. Their team assists with everything from first-time homebuyer mortgages to refinancing, investment properties, and credit repair, guiding clients through a clear and supportive process. Customers appreciate their responsiveness and honest advice… more...

The Mortgage Doctors specialize in personalized mortgage solutions backed by over 50 years of combined experience and a network of more than 50 lenders. Their team assists with everything from first-time homebuyer mortgages to refinancing, investment properties, and credit repair, guiding clients through a clear and supportive process. Customers appreciate their responsiveness and honest advice, though some note the process can require patience.

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(905) 404-8001
Closed Now
57 Kenneth Ave, Oshawa, ON L1G 5N3, Canada
2

Mortgages by Gretchen, Trevi Mortgage Network

Licensed through The Mortgage Centre, this team offers access to a wide range of mortgage products and competitive rates from numerous lenders across Canada. Services include home purchases, refinancing, renewals, and options for borrowers with credit challenges. Clients appreciate clear communication and personalized guidance throughout the mortgage process.

Services & Prices
First-Time Home Purchase Free Consultation
Mortgage Renewal Free Consultation
Refinancing Free Consultation
View Profile
(905) 718-7425
Closed Now
190 Ice Palace Cres, Oshawa, ON L1L 0H2, Canada
General Services
Mortgage Brokerage
3

Lend Today Mortgage Broker

Known for personalized service and clear communication, Lend Today Mortgage Broker helps clients navigate mortgage options with care and expertise. The team works closely with each client to understand their financial situation and provide guidance throughout the process. Customers appreciate their responsiveness and supportive approach, though some find the process takes time.

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(855) 242-7732
Closed Now
285 Taunton Rd E #4533, Oshawa, ON L1G 3V2, Canada
4

Revo Financial

Revo Financial specializes in personalized mortgage solutions for first-time buyers, self-employed individuals, and those seeking custom home financing. Their team guides clients through complex mortgage options with clear communication and a supportive approach. Customers appreciate their professionalism and responsiveness, though some note the process can still feel challenging.

Services & Prices
Mortgage Pre-Approval Free Consultation
Conventional Loan Rates Free Consultation
VA Loan Qualification Free Consultation
View Profile
(905) 999-8138
Closed Now
50 Simcoe St N, Oshawa, ON L1G 4S1, Canada
General Services
Mortgage Services
5

The Mortgage Emporium Corporation

Known for helping self-employed clients and others often turned down by banks, Mortgage Emporium offers a wide range of mortgage services including refinancing, first-time buyer programs, and private lending. Customers appreciate the team’s clear communication and steady support throughout the process, though some note the experience can require patience.

Services & Prices
Mortgage Approval Assistance Free Consultation
Self-Employed Mortgage Solutions Free Consultation
View Profile
(888) 421-9330
Open 00:00 - 23:59
21 Simcoe St S, Oshawa, ON L1H 4G1, Canada
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Noble GRPS Financial Incorporated

Specializing in private first and second mortgages, Noble GRPS Financial Inc. assists clients across Ontario with home equity loans, foreclosure prevention, and high-risk mortgage needs. The team supports those facing financial challenges, including bad credit and secured renovation loans, and provides clear guidance through complex mortgage processes. Some clients find the process demanding, but… more...

Specializing in private first and second mortgages, Noble GRPS Financial Inc. assists clients across Ontario with home equity loans, foreclosure prevention, and high-risk mortgage needs. The team supports those facing financial challenges, including bad credit and secured renovation loans, and provides clear guidance through complex mortgage processes. Some clients find the process demanding, but many appreciate the personalized support.

Services & Prices
Refinancing Assistance Free Consultation
View Profile
(416) 303-0313
Closed Now
285 Taunton Rd E Ste 120, Oshawa, ON L1G 3V2, Canada
General Services
Mortgage Brokerage
7

Byran Peters - Mortgage Broker Oshawa

With experience dating back to 2016, Byran Peters offers mortgage solutions tailored to first-time buyers, those facing credit challenges, and seniors seeking reverse mortgages. The team provides clear guidance through complex financing, with clients appreciating their availability and support throughout the process, even during stressful moments.

Services & Prices
Mortgage Approval Assistance Free Consultation
View Profile
(289) 675-4390
Open 00:00 - 23:59
1603 Northfield Ave, Oshawa, ON L1K 0K9, Canada
General Services
Mortgage Services
8

Tyler Cowle, AMPC - Mortgage Broker/Principal Broker

Licensed as both a Mortgage Broker and Principal Broker, this team acts as personal shoppers and advocates throughout the mortgage process. They assist with purchases, refinancing, renewals, and specialized cases like self-employment or credit challenges. Clients appreciate the clear communication and steady guidance that help make complex situations manageable.

Services & Prices
Mortgage Approval Free Consultation
Rate Lock Assistance Free Consultation
View Profile
(905) 440-5392
Closed Now
111 Eastlawn St, Oshawa, ON L1H 7J9, Canada
General Services
Mortgage Brokerage
9

Transparent Mortgages

Transparent Mortgages operates as an independent brokerage, offering access to a wide range of mortgage options from various lenders. They assist with home purchases, refinancing, renewals, and specialized mortgages like self-employed and private loans. Clients appreciate their clear communication, responsiveness, and ability to navigate complex situations efficiently.

Services & Prices
Mortgage Renewal Free Consultation
Home Purchase Financing Free Consultation
View Profile
(905) 922-7448
Closed Now
2098 Scottscraig Dr, Oshawa, ON L1L 1C2, Canada
General Services
Mortgage Services
10

Atkins Mortgages

About This PageThe requested URL could not be found. This page indicates an error, and the content is not available. The site encourages users to try searching again.CredibilityNo information regarding credibility, certifications, awards, or industry affiliations is available on this page.OfferingsThis page does not detail any services, products, or solutions offered by the business.Unique… more...

About This PageThe requested URL could not be found. This page indicates an error, and the content is not available. The site encourages users to try searching again.CredibilityNo information regarding credibility, certifications, awards, or industry affiliations is available on this page.OfferingsThis page does not detail any services, products, or solutions offered by the business.Unique AdvantagesNo verifiable differentiators or unique advantages are listed on this error page.

View Profile
(647) 862-2160
Open 00:00 - 23:59
285 Taunton Rd E Unit 213, Oshawa, ON L1G 3V2, Canada
Oshawa Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 The Mortgage Doctors | Oshawa & Durham Region Mortgages 4.9 126 — (905) 404-8001 Visit
2 Mortgages by Gretchen, Trevi Mortgage Network 5.0 110 Free Consultation (905) 718-7425 Visit
3 Lend Today Mortgage Broker 4.9 72 — (855) 242-7732 Visit
4 Revo Financial 5.0 54 Free Consultation (905) 999-8138 Visit
5 The Mortgage Emporium Corporation 4.9 47 Free Consultation (888) 421-9330 Visit
6 Noble GRPS Financial Incorporated 4.9 39 Free Consultation (416) 303-0313 Visit
7 Byran Peters - Mortgage Broker Oshawa 4.9 35 Free Consultation (289) 675-4390 Visit
8 Tyler Cowle, AMPC - Mortgage Broker/Principal Broker 5.0 30 Free Consultation (905) 440-5392 Visit
9 Transparent Mortgages 5.0 10 Free Consultation (905) 922-7448 Visit
10 Atkins Mortgages 5.0 1 — (647) 862-2160 Visit

How this Oshawa 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 for Oshawa work?
It estimates the highest home price you can afford based on income, debts, down payment, interest rate, and first-time buyer status.
What is the stress test for mortgages in Ontario?
You must qualify at the higher of your contract rate plus 2% or 5.25%.
How do GDS and TDS affect mortgage approval?
GDS limits housing costs to 39% of income; TDS limits all debts to 44% at the qualifying rate.
Can first-time buyers get a 30-year amortization?
Yes, first-time buyers and buyers of new homes can have a 30-year amortization on an insured mortgage.
How do debts reduce the mortgage amount I can qualify for?
Higher monthly debt payments lower your TDS ratio, reducing the mortgage amount you can qualify for.
What is the property tax rate in Ontario?
Property tax is about 0.85% of the home's value annually.
What's the difference between pre-approval and pre-qualification?
Pre-approval confirms your borrowing capacity; pre-qualification gives an estimate without verifying details.
What does a mortgage broker do?
A mortgage broker helps find and negotiate mortgage terms with lenders on your behalf.

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