What can I afford?

A clearer budget. A more confident next move.
Explore an estimated price range, then let’s talk about the home and community that fit your life.

Start with your numbers

All amounts are in Canadian dollars. Replace the sample figures with your own.

Household incomePer year, before tax

Down paymentAvailable for the purchase

Set aside closing costs separately.

Other debt paymentsTotal per month

Loans, credit cards, lines of credit and support payments.

Mortgage interest rateAnnual rate to explore

Example only. This is not a rate offer.

Property costs — adjust these estimates

Property taxesPer year

HeatingPer month

Condo feesPer month, or 0

Uses a 25-year amortization and monthly payments.

Your entries stay in this calculator and are not sent to Romona.

Sample estimate

Your starting point is here.

Enter your figures and calculate your estimated budget.

Let’s plan your next move.

I’ll help you explore homes and communities across the GTA and Simcoe County that fit your priorities.

Talk with Romona

Planning estimate only, not mortgage pre-approval. A lender or mortgage broker must confirm your eligibility, rate and borrowing limit. Your comfortable budget may be lower once everyday expenses, savings and emergencies are considered.

How this estimate works

This model assumes an owner-occupied home in Ontario, a traditional down payment (such as savings or a non-repayable family gift), 25-year amortization and monthly payments. It uses nominal annual interest compounded semi-annually. Other products, amortizations, rental properties, borrowed down payments, leasehold costs and lender-specific debt assessments are outside this model.

The qualifying rate is the higher of 5.25% or your entered rate plus two percentage points. Estimated housing costs at that rate must fit within 39% of gross income, and housing plus entered debts within 44%. Qualification includes property taxes, heating and half of condo fees; the displayed monthly subtotal includes the full condo fee. Property taxes and heating stay at the amounts you enter, so adjust them for the home you are considering.

The minimum down payment is 5% up to $500,000, then 10% of the portion above $500,000 for prices below $1.5 million. At $1.5 million or more, this model requires 20%. For down payments below 20%, it finances an estimated CMHC premium of 2.8%, 3.1% or 4%, depending on the loan-to-value tier. A 20% or larger down payment is modelled without a premium. The estimated ceiling is rounded down to the nearest $1,000 where possible.

Credit, employment, property eligibility, income verification and other underwriting requirements are not assessed. These guidelines can change. Sources checked October 1, 2026:

Let’s turn your budget into a plan.

Ready to explore your options? Leave your details and I’ll contact you to discuss your home search, preferred communities and next steps across the GTA and Simcoe County.