Affordability Calculator

See what you can afford based on your income, home sale proceeds, and savings.

Income & Debts

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$

Down Payment

$

The price you expect to sell your current home for (leave empty if not selling)

$

Amount still owing on your current mortgage (leave empty if none)

$

Mortgage Terms

Monthly Costs

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$
$

Your Results

Maximum Purchase Price

$0

Max Mortgage

$446,462

Max Monthly Payment

$2,742

Amortization Overview

Total Interest Paid$376,038
Total Amount Paid$822,500

After 5 Years

Remaining Balance$398,563
Total Equity$47,899
Principal Paid$47,899
Interest Paid$116,601

Payment Breakdown

Mortgage Payment (monthly)$2,742
Property Tax (monthly)$333
Heating (monthly)$150

This calculator provides estimates based on Canadian mortgage guidelines (GDS 35%, TDS 40%). Actual approval amounts may vary based on your credit score, lender policies, and other factors. This is not financial advice.

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