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Calculator · residents and new physicians

Physician mortgage affordability calculator

Estimate your maximum purchase price on projected income. Change how your line of credit is counted and watch the answer move. That one setting is often the biggest factor in a physician's approval.

Your professional line of credit
Lenders use different methods. We confirm which lender uses which.
Other costs and debts
Estimated maximum purchase price—
Mortgage, including insurance
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Mortgage insurance premium
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Monthly payment at your rate
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Stress-test rate used
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Housing costs (GDS)
Total debts (TDS)
Get exact numbers from Asim
Same file, three ways of counting your line of credit

Estimates only, current as of November 2, 2026. Not a rate offer or an approval. Built by Asim Ali, Mortgage Broker (BC, AB), Mortgage Agent Level 2 (ON), Dominion Lending Centres A.I.M.I. Collective Mortgage Group.

How this physician affordability calculator works

  • Income: the projected income a lender may use. The presets are Scotiabank's published samples: $185,000 for residents in years 1 and 2, and $225,000 from year 3 or as a new family physician.
  • Stress test: payments are tested at the higher of your rate plus 2% or 5.25%.
  • Debt limits: housing costs up to 39% of income and total debts up to 44%. Housing costs include the mortgage, property tax, heating and half of strata fees.
  • Down payment and insurance: at least 5% of the first $500,000 and 10% above that. Under 20% down, the premium is added to the mortgage, using Canada Guaranty's medical program rates.
  • Line of credit: pick how the lender counts it. We know which lenders use which method and match you accordingly.

Payments assume a fixed rate compounded semi-annually, as Canadian fixed mortgages are. The maximum price is rounded to the nearest $1,000.

Not sure what your lender will use? Different lenders treat the same file very differently. Answer six quick questions and Asim will tell you which programs fit.

Common questions

How much house can a medical resident afford?

It depends mostly on the income your lender uses and your line of credit. With Scotiabank's sample projected income of $185,000, $60,000 down, a 4.5% rate tested at 6.5%, a 30-year amortization and no line of credit payment, the rules allow up to $850,000, where the down payment becomes the limit. A large line of credit can cut that sharply, depending on how the lender counts it.

Why does my line of credit change the answer so much?

Lenders add a monthly payment for your line of credit to your total debt ratio. Some use 3% of the balance, some 3% of the limit, and some a lower figure for professional lines. On a $250,000 balance, 3% is $7,500 a month and 1% is $2,500, which can be the difference between approval and decline.

What rate does the calculator qualify me at?

The stress test rate: the higher of your contract rate plus 2% or 5.25%. The payment shown in the results uses the rate you enter, but the maximum price is based on the stress test rate.

Read more

Find out what you can buy before you start looking

Tell us where you are in training or practice. Asim will compare medical professional programs across banks and broker-only lenders and show you a realistic budget.

Check what you qualify for
A hand holding a set of house keys in front of a front door