Mortgage Affordability Calculator

Find out how much you can borrow based on your income and expenses

How Affordability is Calculated

Lenders typically use these criteria to determine how much you can borrow:

  • Income Multiple: Usually 4-5 times your annual income
  • Debt-to-Income Ratio: Monthly debts should be less than 40% of income
  • Stress Testing: Can you afford payments if rates increase?
  • Credit Score: Higher scores qualify for better rates

Related: Read our first-time buyer guide for more mortgage advice.