Mortgage affordability calculator

How much can you afford?

Let's start with the basics

You didn't enter a valid income amount. Enter an income between $1,000 and $1,500,000.
You didn't enter a valid down payment amount. Enter a value between $1,000 and $4,700,000. You didn't enter a valid down payment amount. Enter a value between $1,000 and $4,850,000.
You didn't select a province or territory. Select a province or territory.
You didn't enter a valid amount for loans. Enter a value between $0 and $100,000 using numbers only.
You didn't enter a valid amount for total credit owing. Enter a value between $0 and $300,000 using numbers only.
You didn't enter a valid amount for condo fees. Enter a value between $0 and $100,000 using numbers only.

Your affordability estimate

Maximum purchase price†

Monthly mortgage payment

1

Edit your mortgage term and other expenses (optional)

You didn't enter a valid interest rate. Enter a value between 0.10% and 20% using numbers only.
You didn't enter a valid amount for monthly property tax. Enter a value between $0 and $100,000 using numbers only.
You didn't enter a valid amount for monthly heating cost. Enter a value between $0 and $100,000 using numbers only.
Tip:  Keep in mind you may need to pay other monthly costs as a homeowner, such as home insurance, utilities, phone, cable and internet.

What your purchase price includes

Total mortgage amount
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Down payment
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Next steps

Apply now to get pre-approved or request a call from one of our Mortgage Advisors. They'll guide you through the next steps.

Get pre-approved Request a call Opens in a new window.

† Calculator applies to residential mortgages only. Results are approximate and for illustration purposes only; do not rely on this information when making financial decisions; visit your CIBC Banking Centre or speak with a CIBC Mortgage Advisor.

Results are based on the information you provide, estimates and assumptions on which pre-filled amounts are based, and interest rates which, for purposes of the calculation, are assumed to remain constant throughout the term. Actual rates may vary and will affect the amount you can borrow.

Advice and resources

advice

Make an offer on a home

Learn how to start the home-buying process and what to look for in your agreement of purchase and sale.

Learn more about making an offer on a home.

advice

Use the Home Buyers' Plan to buy your home sooner

Need a few extra dollars for a down payment on your first home? Learn how to tap into your RRSP for more funds.

Learn more about the home buyers' plan.