How much can I afford?

How much can I afford?

Find out how much you can potentially spend on your next home

You have real estate dreams but you also have realistic financial goals. See how the two can come together with our easy-to-use affordability calculator. With a few simple pieces of information, you can quickly get an idea of how much you can potentially spend on your next home, the mortgage you could qualify for and your estimated monthly payments.

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The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard.

This calculation assumes a constant interest rate throughout the amortization period and that the interest rate is compounded semi-annually, not in advance. The mortgage payment amount may vary according to certain variables entered in to the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered.

First National does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator.

First National uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times.

Please speak with your mortgage broker to assist you with determining what you can afford.

All First National residential mortgage products are subject to its standard lending criteria.