What can you afford?

Borrower & Costs

Annual Income (gross) ? Used with hidden GDS/TDS ratios to set caps on housing costs.

Property Taxes (annual) ? Enter the yearly property taxes. The calculator spreads this monthly.

Condo Fees (monthly) ? Counts 50% of condo fees toward GDS/TDS.

Debts — credit cards, line of credit, car payments (monthly) ? Monthly payments for credit cards, lines of credit, and car loans. These are fully included in TDS.

Rates & Amortization

Amortization (years) ? Typical amortization is 25 years; insured mortgages often cap at 25 years.

Interest Rate (%) ? Used to calculate the displayed monthly payment. Affordability sizing may use a different hidden qualifying rate.

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Results

Mortgage Amount:

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Monthly Payment:

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With a down payment of 20% or more, you may have additional options that could increase your qualifying mortgage amount. Please note that these figures are estimates and may not reflect lender-specific rates or policies. Always consult a licensed mortgage professional for personalized advice.