Mortgage Affordability Calculator
When searching for a new home, the first step is knowing how much mortgage you can afford. Then you should proceed in receiving a mortgage pre-approval. Affordability is based on the household income of the applicants purchasing the house, the personal monthly expenses of those applicants (car payments, credit expenses, etc.), and the expenses associated with owning a home (property taxes, condo fees, and heating costs). The calculator below will show you the maximum purchase price that you can afford.