First Time Home Buyers Program

How Much Can I Afford With My Income

Generally speaking, most prospective homeowners can afford to finance a property that costs between two and two and a half times their gross income.Under this formula, a person earning 0,000.

How Much House Can I Afford? House Affordability Calculator. There are two house affordability calculators that can be used to estimate an affordable purchase amount for a house based on either household income-to-debt estimates or fixed monthly budgets.

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