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
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 5.25% 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!