Mortgage Affordability

See what home price fits 25%, 30%, or 35% of your take-home, including mortgage, property tax, utilities, and condo/HOA fees.

Net pay (monthly)

Down payment ($)

Mortgage rate (%/year)

Amortization (years)

Property tax (%/year)

Utilities (heat/water) ($/mo)

Condo / HOA fees ($/mo)

Results

25% of net pay
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30% of net pay
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35% of net pay
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Max home price

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Total monthly housing

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Mortgage payment (principal + interest + CMHC)

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Property tax

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Utilities

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Condo / HOA

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How this calculator works

We start with your monthly net pay and test three common affordability bands: 25%, 30%, and 35% of take-home. For each band we subtract fixed housing costs you enter (utilities and condo/HOA), estimate property tax as a percent of the price, and solve for the highest home price that fits the monthly budget.

Mortgage payment is computed from your rate and amortization and, when down payment is under 20%, includes the financed CMHC premium according to Canadian LTV rules (not insurable above 95% LTV or $1.5M without 20% down).
Property tax is modeled as a percentage of the sticker price and added to the monthly carrying cost alongside utilities and condo/HOA fees.
Results show the max home price and a monthly breakdown (mortgage, tax, utilities, condo/HOA) for each band so you can pick the level that matches your comfort.