Mortgage Calculator

how much can you afford

Before you embark on your exciting home search journey, it's crucial to establish a solid financial foundation. Here's how to get started.

Begin by using our convenient online calculator to get a preliminary idea of your home-buying budget. This tool will help you understand how factors like your income, debts, and down payment can influence your purchasing power. It's a great starting point to give you a general sense of what you might be able to afford.

Purchase Amount:

Interest Rate:

Mortgage Term (Years):

Payment Interval:

Down Payment:

Closing Costs ($):

Closing Costs (%):

Loan amount:

Interest rate:

Payment interval:

Mortgage term:

Payment:

Total payments:

Total amount paid:

Total interest paid:

This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not liable for loss or damage of any kind arising from the use of this tool.

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I can’t say enough good things about Jody! I’ve now bought and sold with her, and I wouldn’t trust anyone else with my real estate needs on the selling and buying side. Not only does she bring a wealth of knowledge to her clients from outside experiences, but she truly cares about the people she’s representing. It’s evident that Jody is motivated by her clients' happiness which is why she helps them find the perfect home, not just a house.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.