Bayfield Mortgage — Salmon Arm, BC
Mortgage payment & stress test calculator
See your monthly payment at your actual rate, and at the stress-tested rate lenders use to qualify you — whichever is higher.
Income
Rental income
50% of the monthly rent stated is added back to qualifying income.
Rate
Shown below alongside the stress-tested rate (contract rate + 2%, or 5.25% — whichever is higher).
Property and financing
Ongoing costs and debt
$100 minimum applied automatically.
Calculated automatically from the debt items below.
Monthly debt expense — detail
3% of balance used. Skip if paid in full monthly.
3% of balance used.
1% of balance used.
Enter the actual monthly payment.
$100 minimum per home, if entered.
Anything not covered above.
Credit card and line of credit balances are converted at 3% per month; student loan balance at 1% per month. Loans, other mortgages, and other debts are entered as their actual monthly payment.
Mortgage amount
$0
Purchase price less down payment
How this works: Your mortgage amount is your purchase price less your down payment. The stress test rate is your contract rate plus 2%, or 5.25%, whichever is higher — lenders use this higher rate to size what you qualify for, even though your actual payments run at the contract rate. This tool gives a planning estimate only, not a pre-approval or a qualification decision, since that also depends on your income, credit, and the lender’s own policies. Bayfield Mortgage can walk you through the full picture directly.