Check whether your income qualifies at the higher of the benchmark rate or contract rate plus 2%.
Use the full Mortgage Wave calculator suite with live inputs, Canadian mortgage math, and lender-ready next steps.
Launch Stress Test ToolGet Broker ReviewPayments, qualifying impact, closing costs, or savings based on the specific calculator you launch.
Buyers, renewers, switchers, refinancers, self-employed borrowers, and newcomers comparing real mortgage choices.
Online calculators are estimates. We verify lender rules, rate holds, penalties, and approval conditions before you act.
Many federally regulated lender switches still involve qualification, though some insured straight switches may have exceptions.
Generally the higher of the minimum qualifying rate or your contract rate plus 2%, subject to current rules.