How much can I afford to borrow for a mortgage

Mortgage Qualifier Calculator

The first step in buying a house is determining your budget. This calculator walks you through the process of determining how much you can afford to borrow for your home.

Calculate based on: Annual Income Purchase Price Total Monthly Payment
Annual Income:		Purchase Price:	$118,430.00
Total Monthly Payment:	$933.33	Cash On Hand:
Interest Rate:		Amortization in Years:
Annual Property Taxes:		Monthly Heat:
Total Debt Payments: $400.00		Total Closing Costs: $800.00
Monthly Car Payment(s):		CMHC Premium:	0% = $0.00
Credit Card Payment(s):		Other Closing Costs:
Other Loan Payment(s):		Is this a new home?	Check For GST
Condo Fees:

Monthly Payment Breakdown		Principal and Interest Paid
Principal Paid by Year		Use of Cash On Hand