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Mortgage Affordability Calculator

Get an estimate of how much home you may be able to afford based on your household income, existing debts, down payment and estimated housing expenses.

  1. 1Enter detailsAdd your numbers
  2. 2Review costsSee the breakdown
  3. 3See resultsYour estimate updates live

Your details

Change any number — results update instantly.

Estimated home-buying range

$506,722 – $596,144

$596,144Max price
  • Down payment — $100,000
  • Mortgage — $496,144

Breakdown

Estimated maximum purchase price$596,144
Estimated mortgage amount$496,144
Down payment$100,000
Estimated monthly mortgage payment$2,758
GDS ratio33.1%
TDS ratio33.1%
Qualifying (stress-test) rate6.50%

Lender qualification can differ based on credit, income type, property type and lender policies. This estimate is a starting point, not a pre-approval.

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Calculations provided by this tool are estimates for general informational and educational purposes only and should not be relied upon as financial, mortgage, tax, accounting, investment or legal advice. Actual mortgage payments, qualification requirements, taxes, rebates, closing costs, commissions, rental amounts and other expenses may vary based on the property, lender, municipality, transaction and individual circumstances. Government programs, tax rates, mortgage rules and regulatory requirements may change without notice. Users should confirm all figures and eligibility requirements with the appropriate lender, mortgage professional, lawyer, accountant, municipality, government authority or other qualified professional before making a financial or real estate decision. Kaitlynn Martins and RE/MAX Your Community Realty Inc., Brokerage do not guarantee the accuracy or completeness of calculations generated by this tool.