Mortgage Affordability Calculator

 

When shopping for a new home, the first step is to figure out how much you can afford.  Affordability is based on the gross household income of the applicants purchasing the home, the personal monthly expenses of those applicants (car payments, credit expenses, etc.), and the expenses associated with owning a home (property taxes, condo fees, and heating costs).  The calculator below will show you the maximum purchase price that you can afford based on your personal income and debts.

 

You also need to determine if you have enough cash resources to purchase a home.  The cash required is derived from the down payment put towards the purchase price, as well as the closing costs that must be incurred to complete the purchase.

 

Justin Cannon

Sales Representative

 

Sutton Group Innovative Realty Inc.

#1-1423 Upper Ottawa St., Hamilton, ON  L8W 3J6

 

Office: 905.575.7070

Fax: 905.575.8878

Direct: 905.746.5727

Email: jcannon@sutton.com

www.maketheidealmove.com

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Contact US

Angelo Mulè

Sales Representative

 

Sutton Group Innovative Realty Inc.

#1-1423 Upper Ottawa St., Hamilton, ON  L8W 3J6

 

Office: 905.575.7070

Fax: 905.575.8878

Direct: 905.536.8550

Email: angelomule@sutton.com

www.maketheidealmove.com

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