How to Buy a New Home
How much Mortgage can I afford?
When shopping for a new home, it can be helpful to have a good understanding of how much you can afford. Many factors can affect mortgage eligibility like employment income, existing payments, other monthly expenses, and how much you have saved for a down payment.
Use our affordability calculator to get a quick estimate to determine the amount you might obtain for a mortgage loan in Ottawa. You can also read more about how to get pre approved for a mortgage.
You may be able to buy a home priced up to $1,552,000
Please speak with a lender or financial advisor about home buying eligibility and mortgage options.
Mortgage loan payment:
$5,814/mo - Based on a mortgage loan of $859,069.
Since your down payment is less than 20% of the purchase price, mortgage default insurance is required.
Adjust your information to see how it impacts what you can afford:
The information contained and displayed on this website is solely for estimation purposes and offers a range of home prices you may be able to afford. It may not necessarily reflect the actual affordability amounts or terms of a mortgage. Always use a mortgage broker or lender to determine and obtain specific payment amount eligibility and financial advice. New home purchases include other fees required at closing/occupancy. Fees may vary. Please speak to a Sales Representative for more details. Calculations are based on numbers for the Ottawa market. Minto Communities and its affiliated companies assume no liability for the accuracy of the information displayed on this page.