Mortgage Affordability Calculator

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Mortgage Affordability Calculator

Annual Household Income ($) Down Payment ($) Amortization Period Credit Card Balances ($) Monthly Car Payments ($) Other Monthly Debts ($) Annual Property Tax ($) Monthly Condo Fees ($) Estimated Monthly Heating Cost ($)

Results

Maximum Mortgage

Down Payment

Maximum Purchase Price

Monthly Mortgage Payment

Mortgage Insurance ℹ️

If your down payment is less than 20%, you will require mortgage insurance. The mortgage insurance premium is usually added to the mortgage balance and is shown below.

Mortgage Insurance Premium

Maximum Mortgage + Insurance

Monthly Payment Including Insurance