Affordability Calculator - How much can you afford?
  • Affordability Calculator
    Affordability Calculator

    Fill in the 8 fields below and hit calculate - we'll let you know what you can afford!

    Your total income from all sources, before taxes and other deductions.

    $

    The combined balance of all your credit cards.

    $

    Your monthly car loan payment.

    $

    The combined balance of all your lines of credit.

    $

    Your monthly payment for any other debts.

    $

    The annual property tax payment.

    $

    The estimated monthly payment for the condo or strata.

    $

    The amount of money you intend to use for a down payment, as a percentage of the purchase price. It must be at least 5% of the purchase price of the property you intend to finance.

    %

    Congratulations!

    With an annual income of $a value you need to enter, and a down payment of a value you need to enter%, you can afford a mortgage with Spin up to not calculated yet.

    Instructions

    Fill in the fields and hit calculate - we'll let you know what you can afford!

  • Calculator Help

    Affordability Calculator Help

    Simply fill in the relevant fields in the calculator and hit the Calculate button to see your result.

    Tooltips appear next to each question, so if you’re unsure of what any terms mean, hover your mouse over (or tap on) the question-mark bubbles for an explanation.

    Our calculators are all custom made and factor in up-to-date industry standards and qualifying rules to ensure you get an accurate answer.

    Once we review your online application, we’ll re-visit all the numbers as well so that you can make an educated decision with respect to your purchase, refinance or renewal.

    If you need any help, or you have any questions, don’t hesitate to contact us!

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