The maximum home price that you can realistically afford depends on a number of factors. The most important factors are your household gross monthly income, your down payment and the mortgage interest rate. For many people, the hardest part of buying a home — especially their first one — is saving the necessary down payment.
CVE Mortgage Group can assist you in determining if purchasing a house is financially feasible, what you can afford, and your maximum purchase price.
Also feel free to play around with our Mortgage Calculator to see how changing different variables changes each mortgage payment.