Calculate how much house you can afford with our free BMO-style affordability calculator. Determine your maximum home purchase price based on your income, expenses, and down payment.
Gross income before taxes
Car loans, credit cards, student loans, etc.
Maximum Home Price
You can afford
$413,337
Max Loan Amount
$353,337
Monthly Payment
$2,233
Good DTI Ratio
Your DTI is within acceptable limits for most lenders.
• This is an estimate based on standard lending guidelines
• Actual approval depends on credit history, employment, and other factors
• Consider additional costs like property tax, insurance, and maintenance
• Most lenders prefer a DTI ratio below 43%
Our affordability calculator works just like BMO's calculator to help you determine how much house you can afford. Simply enter your financial information to get instant results:
Home affordability is determined by several factors including your income, existing debts, down payment, and current interest rates. Lenders typically use the 28/36 rule:
Our calculator uses the same mathematical formulas as BMO and other major banks, ensuring accurate affordability calculations.
Your income, existing debts, down payment amount, credit score, and current interest rates all impact how much house you can afford.
Yes! For a complete picture, use our mortgage calculator with taxes and insurance to get your total monthly payment.
Consider paying down existing debts or increasing your down payment to improve your affordability.