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Affordability
Welcome! Use this calculator to determine the maximum home purchase price best suited to your individual financial needs.
Annual income
Monthly expenses
Mortgage information
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Based on the information provided, we estimate you qualify for a maximum purchase price of .1
Assessment
Based on your selections, here is your unique mortgage Affordability Assessment.
Back to top| Maximum purchase price | |
| Down payment percent | |
| Down payment amount | |
| Principal mortgage amount | |
| Default insurance | $9,101 |
| Total mortgage amount |
Payment options
Meet with a Mortgage Planning Specialist to explore other options and be mortgage-free faster.
Back to top| Frequency | Amount | Amortization |
| Monthly | ||
| Semi-Monthly | $865 | |
| Accelerated Bi-Weekly | $866 | |
| Accelerated Weekly | $433 |
| Frequency | Amount | Amortization |
| Monthly | ||
| Semi-Monthly | $865 | |
| Accelerated Bi-Weekly | $866 | |
| Accelerated Weekly | $433 |
Payment options
Meet with a Mortgage Planning Specialist to explore other options and be mortgage-free faster.
Back to topTalk to us
Selecting the right mortgage solution that fits your needs is a key component of your financial plan. One of our Mortgage Planning Specialists will work with you to sort through the various mortgage solutions, helping ensure you find the best one for your specific situation.
NOTE: For the Variable Rate Mortgage product, the interest payable is based on the contract rate linked to Our Prime mortgage rate which is subject to change at any time. The mortgage payment amount will be based on the 36 month fixed posted rate at the time of funding. For clients interested in a variable rate product with a payment amount based on Our Prime Rate (subject to fluctuation), select the Adjustable Rate Adjustable Payment product.
1 The results shown are for illustrative purposes only and do not guarantee future results. This illustration does not create any legal or contractual obligations for Investors Group. Mortgage rates, prepayment charges and conditions are subject to change without notice. For Investors Group’s complete set of mortgage rates, visit www.investorsgroupmortgagerates.com.
Investors Group Trust Co. Ltd. is a federally regulated trust company and is the mortgagee. Mortgages are offered through I.G. Investment Management, Ltd.* Inquiries will be referred to a Mortgage Planning Specialist (in Ontario, a Mortgage Agent, and in Quebec, a Mortgage Broker).
*In NB & ON, registered as a Mortgage Brokerage (ON-License #10809) and Mortgage Administrator (ON-License #11256), and in QC, registered as a Mortgage Agency (QC-License #H1336).