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Mortgage affordability calculator
How much can you afford?
Let's start with the basics
Your affordability estimate
Maximum purchase price†
Monthly mortgage payment
Edit your mortgage term and other expenses (optional)
What your purchase price includes
Apply now to get pre-approved or request a call from one of our Mortgage Advisors. They'll guide you through the next steps.
† 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
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.
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.