How much mortgage can you afford?


Determining the mortgage you can carry is based on a relatively simple calculation of loan amount, down payment, interest rate and amortization period.A good rule of thumb when figuring your monthly housing cost is that it should not exceed 32% of your gross monthly family income or 40% of your gross monthly income.

Mortgage Affordability Calculator

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Royal LePage Team Realty

12B-6081 Hazeldean Road

Stittsville, ON

K2S 1B9

Toll Free: 1-800-307-1545

Direct: 613.406.2218

Office: 613.831.9287

[email protected]

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