ROYAL CANADIAN REALTY

How Much Home Can You Afford?

Discover your estimated home buying power using the minimum down payment required. It takes about 2 minutes.

Step 1 of 7 14%

What is your total gross household income?

Include annual gross income for everyone who will apply for the mortgage.

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Please enter an annual household income greater than $20,000.

What are your monthly debt payments?

Include car loans or leases, credit cards, lines of credit, student loans and other recurring debts. Don't include your current rent or mortgage.

$

Where would you like to buy?

Choose the area you're most interested in.

Please select an area.

When are you hoping to buy?

Please choose a timeline.
✓ Your Home Buying Power is ready

We've estimated your potential buying power using the minimum required down payment.

One quick question before you see your result

If your savings are less than the minimum down payment required, would you like Royal Canadian Realty to show you possible down-payment options?

Where should we send your personalized Home Buying Power report?

Enter your details to see your estimated buying power and minimum down payment.

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YOUR ESTIMATED HOME BUYING POWER
$0
Estimated maximum purchase price
Minimum down payment $0
Estimated base mortgage $0
Preferred area —
Estimate assumptions: 30-year amortization, 39% GDS / 44% TDS limits, estimated property taxes and heating costs, and a 6.5% qualifying-rate assumption. Mortgage-default-insurance premium is included in the debt-service estimate where applicable. Actual lender qualification can differ.

How much do you currently have available toward your down payment?

This does not change the buying-power estimate above. It helps identify your most useful next step.

Important: The Royal Canadian Realty Home Buying Power Calculator provides estimates for general informational purposes only. Results are not a mortgage pre-approval, mortgage commitment, lending decision, financial advice or guarantee of financing. Actual mortgage qualification, purchase price, interest rate, down-payment requirements and borrowing capacity depend on income verification, credit history, existing debts, applicable interest and qualifying rates, property costs, mortgage-insurance requirements, lender/insurer guidelines and the property being purchased. Down-payment options may involve borrowed funds and are subject to qualification and lender/insurer acceptance. Royal Canadian Realty is a real estate brokerage. Mortgage financing, where required, must be arranged through an appropriately authorized mortgage professional or lender.