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Mortgage Affordability Calculator

The first step in the mortgage process is determining what you can reasonably afford. You can either calculate what you can afford based on your income, or work backward by entering a purchase price and seeing what kind of income and monthly payment it would take to finance it.

A Bank of Canton mortgage lender can also provide you with a precise, customized mortgage prequalification amount. It’s fast and free, and you can get an official prequalification letter to share with real estate agents and sellers that can strengthen your bargaining position.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.