How Much Can You Afford?

Let us help you find out what you can afford!

Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To e-mail yourself a copy of your results, click the Receive this Detailed Analysis link.

This mortgage calculator is great for getting a reasonable idea of what you can afford if your credit is immaculate. However, it is not a substitute for a pre-approved mortgage that accounts for your credit score and current debts. Call me to have a preferred mortgage specialist contact you and provide you with all of the information you need to choose the right mortgage product and get a pre-approved mortgage.

Happy House Hunting :-D

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$	Required
Monthly Debt:	$	Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage

Qualification

Affordability

Rent vs Buy

Your Monthly Payments

Loan Amount:
Loan Insurance ( %):
Total Loan(Mortgage) Amount:

Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:

How Much Can You Afford?

Richmond Hill / Aurora Ontario Real Estate services provided by Your Area Home Team ( Andrew Hodge - Sales Representative)at Right At Home Realty Inc. - BrokerageNot intended to solicit clients currently under contract for real estate services in Richmond Hill, Aurora or surrounding Ontario areas.