mortgage calculators

Mortgage affordability calculator

Let's calculate how much you can afford

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
--
Down payment
--

Next steps

Pre-qualify for a mortgage or request a call from one of our Mortgage Advisors. They'll guide you through the next steps.

Get pre-qualified   for a CIBC Mortgage. Opens a new window. Request a call Opens 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.

Explore your mortgage options

Get pre-qualified for a CIBC Mortgage. Opens a new window.

Wondering how much you can borrow for a home purchase? Answer a few questions to get an estimate.

Switch your mortgage to a CIBC mortgage. Opens a new window.

Do you have an external mortgage coming up for renewal? Switching your mortgage to CIBC is easy.

Browse mortgage offers

Interested in ways to save? Discover our current offers and find out how to earn cash back with select CIBC mortgages.

Get up to $4,500 cash back on a select CIBC mortgage‡

Enjoy cash back when you buy your first home or a new home.

Learn more about getting cash back when you switch your mortgage to CIBC.

Need help?

Frequently asked questions

Discover more helpful resources

Happy person checks their digital vault on a laptop

How much mortgage can you afford?

Can you afford a mortgage? The answer can make or break your homebuying journey.

Happy person checks their digital vault on a laptop

How much do you need for a down payment?

Learn everything you need to know — and how to save up for your new house.

Happy person checks their digital vault on a laptop

Are you ready to buy a home?

There's more to homeownership than monthly mortgage payments.

Ready to take the next step? We’re here to help.

Get pre-qualified now Opens in a new window.
Switch your mortgage now Opens in a new window.
Request a call Opens a new window.