Affordability Calculator
How much home can you afford?
Enter your numbers and see the price range, the monthly payment, and where your debt ratios land. Nothing is sent anywhere — the calculation runs entirely in your browser.
What you can afford
Home price
$380,000
Drag to move between a conservative and a stretched price
Monthly payment
$2,464/mo
Principal and interest only. Property tax, heat and condo fees are on top.
Gross debt service — housing costs against income. Lenders generally look for 39% or less.
Total debt service — housing plus all other debt. Lenders generally look for 44% or less.
Left each month
$2,845/mo
After an estimated $2,108/mo in income tax. The estimate uses fixed tax brackets and ignores deductions, credits, CPP and EI — it is a planning figure, not tax advice.
Where the money goes each month
- Mortgage payment$2,464
- Property tax$167
- Heat and electricity$100
- Condo fees$150
- Other debt$500
- Income tax (est.)$2,108
- Left over$2,845
Want the real number?
Bring these figures to a licensed advisor and we will work through what a lender would actually approve, and what it costs to hold.
What this is and is not
This is an estimate to help you plan, not a pre-approval, a loan offer, or a commitment to lend. It does not include mortgage default insurance premiums, closing costs, land transfer tax, or income tax. Your actual borrowing capacity depends on your full application, the property, and the lender’s own rules. Talk to us before you make an offer.