Mortgage Affordability Calculator

Calculate how much house you can afford based on your income and expenses

Your Financial Information

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Your Affordability Results

Maximum Home Price

$397,399

Maximum Mortgage Amount

$347,399

Maximum Monthly Housing Costs$2,133.33
Maximum Total Monthly Debt$2,666.67
Additional Debt Capacity$533.33

Debt Service Ratios

GDS Ratio (32%)Good
TDS Ratio (40%)Good

About This Calculator

How it works

This calculator uses standard debt service ratios (GDS 32%, TDS 40%) to determine how much house you can afford based on your income and existing debts.

Important Notes

  • • Results are estimates only
  • • Actual approval may vary
  • • Consult a mortgage professional
  • • Rates and ratios change
Office Address

1780, Albion Road, Etobicoke

Ontario M9V 1C1

Phone

Mobile: 647 203 7428

Email

info@harjivirk.com

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