Small piggybank on top of stacks of cash. Mortgage affordability calculator

Affordability calculator

When searching for a new home, it’s important to figure out how much you can afford. This calculator takes the most important factors like your income and expenses and determines the maximum purchase price that you could qualify for.

Connect with an expert

Have a question? Get in touch with our agents   

Mortgage dictionary

The mortgage industry is full of complex and unfamiliar terms, so we created this resources to help translate even the most difficult mortgage terms into plain everyday language.

Mortgage

Down payment

Mortgage Insurance

Mortgage Principal

Interest

Prime rate

Payment frequency

Prepayment/Lump Sum Payment

Amortization Period

Mortgage Term

Maturity Date

Mortgage Renewal

Refinancing

Home Equity

Gross Debt Service (GDS) Ratio

Total Debt Service Ratio (TDSR)

Mortgage Pre-Qualification

Mortgage Pre-Approval

Qualifying Rate

Fixed-rate Mortgage

Variable-rate Mortgage

Adjustable-Rate Mortgage (ARM)

Trigger Rate

Land Transfer Tax

Closing costs

Affordable mortgage rates the way you want them