Affordability Calculator

What Can You Afford?

An important step in purchasing an investment property is determining what you can afford. What you can afford varies depending on how the property fits in with your identified risk tolerance and overall strategy. 

This calculator takes you through the process of figuring out how much you can likely borrow. Simply complete the fields and click on the payment schedule button to see a complete amortization schedule for your mortgage payments.

Now that you have an understanding of what you can afford, it is time to get an estimation of the mortgage you can expect. 

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1. Annual Family Income:


2. Annual Property Taxes: (estimate)


3. Monthly Heating Costs/Condo Fees: (estimate)


4. Minimum Monthly Payments for Loans/Credit Cards:


5. Monthly Secondary Financing Payment:


6. Interest Rate:

$ %

Compute maximum mortgage & payment

Maximum Mortgage Monthly Payment