This is a simple, and quick, way to determine your home buying potential. This calculator is based on your Gross Debt Service ratio. It also considers your amortization period and approximate interest rate to determine the maximum amount of money you can spend on a home.

For a more accurate, and more detailed approach, use the full GDS/TDS calculator, ( described in detail here.) together with the Mortgage Calculator.

Mortgage Price Range Calculator
Gross Income:
Enter your Gross Monthly Income:	$
Your maximum allowable monthly expenses:	$
Monthly payments:
Estimated property taxes:	$
Estimated heating costs:	$
Estimated RRSP repayments	$
Condo fees (if applicable):	$
Total Monthly:	$
Amortization Period (years):	Select a Time Period 10 years 15 years 20 Years 25 Years
Interest Rate (%):	Select an Interest Rate
Maximum Home Price:
Maximum home purchase price:	$