How Much Can You Afford?

It is important to know your budget, before you fall in love with a home!

Affordability depends on your income, down payment amount, mortgage interest rates and any other financial obligations you may have. In addition to the purchase price of a home, you also need to consider other fees and costs such as closing costs, mortgage insurance, homeowner association fees and interest.

This downloadable tool is a quick and easy reference guide, to give you a general idea on affordability. Please note that the calculator is intended to give you a general idea of costs and affordability. We recommend you get in touch with us directly, so that we can take the time to do a full professional analysis for you. 

Your Free Mortgage App
  • Calculate your total cost of owning a home

  • Estimate the minimum down payment you need

  • Calculate Land/Property Transfer Taxes 

  • Calculate the maximum loan you can borrow

  • Stress test your mortgage

  • Estimate your Closing costs

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Let's Connect.

T: 604-807-7048 E: danny@hornermortgages.ca