🏡 Smart Mortgage Planning

Mortgage Affordability Calculator

Estimate how much home you can comfortably afford, calculate monthly payments, and see how debt ratios impact your buying power.

Your Details

Toggle between affordability estimates and specific payment calculations.

Gross Annual Income Your total household income before taxes and deductions.

Monthly Debt Payments Total monthly payments for car loans, student loans, and credit cards.

Available Savings Cash you have ready to put towards the home.

Interest Rate The annual cost to borrow money.

Amortization Total years to fully pay off the loan.

yrs

Payment Frequency

Closing Cost Estimate Est. fees for legal, admin, and land transfer taxes.

Qualification Buffer (Stress Test) Lenders use a higher hypothetical rate to ensure you can survive future rate hikes.

Rate Buffer Added

Minimum Floor Rate

Property Tax Rate

Home Insurance

Heating / Utilities

Condo / HOA Fees

Housing Cost Ratio (GDS) Max % of gross income allowed for housing costs. Usually 35-39%.

35%

Total Debt Ratio (TDS) Max % of gross income allowed for housing costs PLUS all other debt. Usually 42-44%.

42%

Based on your income, debts, and selected limits.

Estimated Affordable Home Price
$0
● Within selected limits

Estimated Payment

Monthly principal and interest.

Cash Needed Upfront

Down payment + estimated closing costs.

Principal

Interest

Taxes

Utilities/Fees

Mortgage Loan Amount$0

Down Payment$0

Down Payment %0%

Total Interest Over Loan$0

See how your principal balance decreases over time.

View By

Extra Payment Amount paid extra each period to pay off loan faster.

Year	Payment	Principal	Interest	Extra	Balance