The Mortgage Affordability Calculator helps to determine how much you can afford to borrow to buy a home, based on your income, debt and living expenses.
Mortgage Affordability Calculator
As the cost of home ownership continues to rise, knowing how much you can afford is important.
This mortgage affordability calculator considers several factors to determine how much mortgage you can afford. First consider your income, and then your monthly expenses like utilities, property taxes, condo fees and debt payments. By including mortgage details like the interest rate, amortization and down payment percent, the mortgage affordability calculator will determine a maximum purchase price of a home in which you qualify.
Additional mortgage calculators are available including:
Mortgage Affordability Calculator
Companion Infographic
For most Canadians, their home will likely be the biggest purchase they’ll ever make. That’s why it’s so important to protect their investment with products like mortgage insurance and term insurance.
Many lenders will offer to sell mortgage insurance (life insurance on the mortgage) right at the time of settling on the mortgage. While this is convenient, term life insurance is another option to help ensure the mortgage is paid off. It’s a good idea consider which type of protection is the best fit.
Features
Consumer-facing
These consumer-facing financial calculators can be embedded in your web site quickly and easily.
Responsive
Calculators are easy-to-use and fully responsive on any device – phone, tablet, laptop or desktop.
Full Branding
Calculators can be fully branded according to your branding style guide. You’ll be up and running with a quick turnaround.
The calculator can be viewed for free up to five (5) times.
To use the full-featured versions of these calculators in FreshPlan, please contact us.