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.

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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.

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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.

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Monthly expenses

Your total monthly expenses will be ;
broken down as follows.

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Talk to us

Selecting the right mortgage solution that fits your needs is a key component of your financial security plan. One of our expert Mortgage Planning Specialists will work with you to sort through the various mortgage solutions, helping ensure you find one for your specific situation.

NOTE: Mortgages are offered through London Life Insurance Company, 255 Dufferin Ave., London Ontario. London Life Insurance Company is a federally regulated life insurance company and the mortgagee. * Inquiries will be referred to a Mortgage Planning Specialist.

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 London Life. Mortgage rates, prepayment charges and conditions are subject to change without notice.

TM London Life and design are trademarks of London Life Insurance Company.