How much can I afford calculator



How Much House Can You Afford?

See if Your Income is Sufficient to Qualify

 

Desired Mortgage for New Home

Mortgage Length

Years

Interest

%

Annual Tax

Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).

 

Summary

Monthly Principal + Interest

Total Housing Payment (tax & insurance included)

Required Salary

 

Your salary must meet the following two conditions:

1. Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly     mortgage and monthly tax payments.

2. Your gross (pre-taxes) monthly salary must be greater than 35% of the sum of the monthly     mortgage, monthly tax and other monthly debt payments.

 




Contact Us

LexxCo Corporation
924 The East Mall Suite 300
Toronto,Ontario,Canada
M9B 6K1
Phone: 1.877.879.6753
Fax: 416.621.3092