Affordability Calculator

Find out how much home you could afford, based on your income, debts and down payment, using the same tests Canadian lenders use.

Household income (per year, before tax)

Include everyone who will be on the mortgage.

Down payment saved

Monthly debt payments

Car loans, credit cards, lines of credit, student loans and other loans.

Interest rate

Amortization

Sample 3-year fixed rate. Ask me about today's best rates.

Home costs

Estimates for the kind of home you are looking for.

Property tax (per year)

Heating (per month)

Strata fees (per month)

You could afford a home up to

Estimated monthly housing costMortgage, property tax, heating and strata fees $0

See the full payment breakdown in the mortgage calculator →

Questions about these numbers?

I'm happy to walk you through your costs and options.

Alex Tom 778-889-5380 alex@velmont.ca

Contact me

These results are estimates only and are provided for general information. They are not financial, tax or legal advice. Rules, rates and eligibility can change; please confirm with a qualified lawyer, accountant or mortgage professional before making any decision. Based on CMHC debt service limits and the federal stress test. Lenders may use different limits.