Mortgage Stress Test
Can you still afford your mortgage if rates rise?
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| Scenario | Rate | Monthly payment | % of income | Status |
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📚 Learn more — how it works, FAQ & guide Click to expand
Learn more — how it works, FAQ & guide
Click to expand
Free mortgage stress test — plan for rate rises
Toololis Mortgage Stress Test shows payment impact at +1%, +2%, +3% interest rate increases. Essential for variable-rate borrowers, anyone renewing soon, or buyers estimating future affordability.
How to use this tool
- 1
Enter current mortgage
Balance, current interest rate, years remaining.
- 2
Enter your income
Monthly take-home pay + current monthly mortgage payment.
- 3
See stress scenarios
Impact at +1%, +2%, +3% rate rise. Red = unaffordable (>40% of income).
Frequently Asked Questions
What is a mortgage stress test?
Canadian regulators require banks to test if borrowers can afford payments if rates rise 2%+. Even where not required, doing this yourself reveals your financial resilience.
What % of income is "safe"?
Under 30%: comfortable — room for life. 30-40%: tight but workable. 40%+: risky — one job loss or repair bill = trouble. 50%+: financially fragile.
Should I worry about rate rises?
If you have a fixed-rate mortgage locked in: no near-term worry. Variable / ARM / renewal coming up in 2-3 years: yes, stress test now.
What if the stress test shows I'm at risk?
Options: (1) pay extra now to reduce balance, (2) fix your rate if you can, (3) increase emergency fund, (4) consider downsizing. Don't panic — just plan.
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100% Privacy. This tool runs entirely in your browser. Your data is never uploaded to any server.