Home Affordability Calculator 2020

Flag of CanadaCanada’s most comprehensive affordability calculator
We compare estimates for the Big Five Canadian Banks, CMHC, and our transparent model.
Simply the most comprehensive affordability calculator in Canada.

Find out how much home you can afford with the WOWA Home Affordability Calculator. We’ll compare estimates from some of the top banks and lenders in Canada.

Annual Household Income

Your Income

$ 70,000

Your Partner’s Income

$ 70,000

Enter your annual income before taxes.
Gross Income: $00
Estimated Net Income: $00

How much do you have saved for your down payment?

$ 60,000

First-time home-buyer? You can withdraw up to $35,000 from your RRSP, with no fees or interest, to help increase your down payment.

Where are you looking to buy?

Province

ON

City

Toronto

What type of home are you looking for?

Condo Apt.
Townhouse
Detached House
Not Decided

Monthly Non-Housing Expenses

Food & Groceries

$ 1,000

Car & Transport

$ 500

Bills (e.g. Phone, TV)

$ 300

Childcare & Education

$ 0

Other Expenses

$ 0

Enter your average monthly expenses in each of the above categories, excluding any housing-related expenses. Exclude your heating costs from your utility bill total.
Total: $2,0002.00k

Monthly Debt Payments

Credit Card Interest

$ 0

Student Loans

$ 0

Car Loans

$ 0

Other Loans

$ 0

Enter your average monthly payment for each of the above types of debt. If you have multiple sources of debt in the same category, enter the total for your household.
Total: $00

† Results are our estimates only. We provide no guarantee of accuracy; contact each lender for details.
This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of information shown, and is not responsible for any consequences of the use of the calculator.
* Rates shown are on approved credit and subject to change without notice.