When you start looking for a home to purchase, you will probably ask, "How much can I afford?"
It's important to take all of your income sources into consideration. By inputting your details, our mortgage affordability calculator can help you find the answer.
When purchasing a home, a buyer needs to make a down payment, pay closing costs and if applicable, obtain mortgage default insurance. Additional costs such as property taxes, some utilities, condo fees and payments to service existing debt also need to be considered. The calculator will account for some of these additional details and identify a maximum purchase price that you can afford based on certain expenses and your income.