How Much Can You Afford?
Our real estate calculator will help you determine monthly loan/mortgage amounts and help you to decide your buying power.
Simply, complete the fields below, press ‘Calculate’, and view a popup graph auto-calculate your estimated monthly payment.
CALCULATOR FIELD DEFINITIONS:
PURCHASE PRICE – the price or your offer price for the property you desire to purchase
DOWN PAYMENT – the amount of cash you are willing to pay towards the purchase of the property
INTEREST RATE – the rate that the bank will charge you for interest for the amount of money you are seeking to borrow
TERM IN YEARS – the number of years the bank is giving you to pay back the amount of money you are seeking to borrow
Enter your details below and receive an instant estimate of your monthly mortgage/loan payments.
Adjust the values by using the sliders or enter using your keyboard.
Your total monthly payment