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Affordability Calculator

Looking to buy a home soon? Our mortgage affordability calculator will give you a high-level view of your maximum mortgage and home affordability.

Annual Incomes

Mortgage Info

25 years

Monthly Debt Payments

Living Costs

Max Home Affordability

$0

Down Payment

0%

Max Mortgage

$0

Monthly Mortgage Payment

$0

Monthly Breakdown

Monthly Mortgage Payment$0
Monthly Debt Payments$0
Living Costs$329.17

CMHC Insurance

cmhc insurance$0
max mortgage + cmhc
max monthly after cmhc

* These calculations are just an estimate. Calculations are based on the Bank of Canada five-year mortgage rate used in mortgage stress tests and assume no change in the interest rate over the life of the mortgage. This rate is 4.79% and is subject to change. The actual qualifying interest rate for your morgage may be different. To get a true overview of your affordability, apply online in 5 minutes and a Homewise Advisor can overview your full financial picture.

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Mortgage Brokerage Licensed in ON #12984, BC #X301004, MB and AB.
Homewise can pursue mortgage brokering activity in SK, NL, NS and NB. We are proudly Canadian!

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