Eliminate surprises, see how much you can afford a house for
Use the Mortgage Affordability Calculator to find out how much you can afford to spend on your mortgage.
The purchase price of your home can vary based on your down payment.
| Down Payment Options | Your Results |
|---|---|
| Maximum Purchase Price | $0 |
| Down Payment % | $0 | Down Payment Amount | $0 |
| Mortgage Principal | $0 |
| Default Insurance (unavailable if purchase price is $1 million or more)† |
$0 |
| Total Mortgage Amount | $0 |
| View other options | |
| Monthly Mortgage Payment | $0 | |
| Monthly Home Expenses | $0 | Monthly Debt Payments | $0 |
| Total Monthly Expenses: | $0 | |
Rates may vary and are subject to change.
For illustration purposes only. The Mortgage Affordability Calculator results are based on the information you provide and assume that the annual interest rate over the life of your mortgage will not change. Actual rates may vary and will affect the maximum price of a home you can afford. Mortgage payment amount does not include property taxes, insurance premiums, utilities or common expenses. The maximum amortization for an insured Mortgage is 25 years.
†Mortgage insurance is not available for homes with a purchase price or as-improved value of $1 million or more.
Applicants must meet CIBC's lending criteria.
