Mortgage Affordability Calculator Rbc

Use rbc royal bank s mortgage tools and calculators to find out what your mortgage payments will be what you can afford which type of mortgage is right for you and more.

Mortgage affordability calculator rbc. A mortgage of 93 200 payable over 20 years initially on a fixed rate for 5 years at 2 32 and then our variable rate of 3 59 for the remaining 15 years would require 60 monthly payments of 485 74 and 180 monthly payments of 530 71. Thinking of buying a home. Rbc calculates your mortgage limit using the current qualification rate and a maximum gross debt service gds ratio of 32 and a maximum total debt service tds ratio of 40. Get pre qualified to see what you may be able to afford.

Royal bank of canada will not be liable for any losses or damages arising from any errors or omissions. Unlike some other mortgage affordability calculators rbc s mortgage affordability calculator does not take into account your location for property taxes and utility costs. It only takes a minute and doesn t affect your credit score. Please enter a mortgage amount between 1 00 and 9 999 999 99.