Home affordability calculator

Discover how much home you can afford based on your income, debts, and down payment. Get your personalized estimate in seconds!

Your Income

$
Include all sources of income (salary, bonuses, rental income, etc.)

Your Debts

$
Car loans, student loans, credit card minimums, etc. (Do NOT include rent)

Your Down Payment

$
How much can you put down? (Minimum 5% in Canada)

Mortgage Details

%
Current average rate (your actual rate may vary)
years
Typical is 25 years (maximum 30 years in Canada)

Your Personalized Results

Maximum Home Price You Can Afford
$0
Based on your income and down payment
Down Payment
$0
Mortgage Amount
$0
Down Payment %
0%

Monthly Payment Breakdown

Mortgage Payment (Principal + Interest) $0
Property Tax (estimated) $0
Home Insurance (estimated) $0
Total Monthly Housing Cost $0

Affordability Ratios

Gross Debt Service (GDS) Ratio 0%
Total Debt Service (TDS) Ratio 0%

Important Disclaimer

This calculator provides an estimate based on standard lending criteria. Actual mortgage approval depends on many factors including credit score, employment history, and lender requirements. We recommend speaking with a mortgage professional for personalized advice. The property tax and insurance estimates are averages and may vary by location and property type.

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