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Know What You Can Afford

How high will my monthly mortgage payments be?

Knowing your affordable price range will bring your house hunting into focus.

How much of a house you can afford depends on three things:

• How much you can afford for the monthly mortgage payment
• How much of the down payment you have available
• The amortization, or length of time required to pay off the loan, assuming interest rate does not change

TD Canada Trust can help you determine what you can afford. Mortgage calculators are available to show you what payments to expect, and how you can save money over your repayment period:

• The Mortgage Affordability Calculator shows you how much you can afford
• The Mortgage Payment Calculator works out the mortgage payment plan that is right for you

For expert advice about buying a home in your area, contact your local Royal LePage REALTOR®.

For expert advice on home financing, contact your local TD Canada Trust Mobile Mortgage Specialist or call 1 800 249 5484.

Financing Tools & Tips

• Mortgage Calculators
• Glossary of Mortgage Terms
• Find an Agent