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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.
Changing your payment frequency can help you pay your mortgage down faster.
Please select your preferred payment frequency
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.
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