Rbc how much home

Legal Disclaimer 4. Legal Disclaimer 5. Interest rate is an annual rate and is compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time. Legal Disclaimer 6. Interest rate is compounded monthly, not in advance.

This rate may change at any time without notice. Royal Bank of Canada prime rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its prime rate. Legal Disclaimer 7. Special Offers are discounted rates and are not the posted rates of Royal Bank of Canada. Specials Offers may be changed, withdrawn or extended at any time, without notice. Mortgage funds must be advanced within days of date of application in order to qualify for the Special Offer rate.

Legal Disclaimer 8. Popular Rates Fixed and Variable Closed Here are current popular purchase and switch rates for select fixed and variable rate closed term mortgages:.

View All Calculators. Funds must be advanced within days of date of application. Offer may be changed, withdrawn or extended at any time, without notice. Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions apply. Special Offers are discounted rates and are not the posted rates of Royal Bank of Canada.

Royal Bank of Canada uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. You should speak with one of our credit specialists before making a final decision on a mortgage to ensure it meets your overall financial needs. Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator.

Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

Applicable to residential mortgages only and subject to Royal Bank of Canada standard lending criteria for residential mortgages. Some conditions apply. Enter your annual household salary. The funds must have been on deposit at least 90 days before you withdrew them. A signed agreement to buy or build a qualifying home is required. Before you even start looking for a home, you need to know exactly how much home you can afford — otherwise, you could spend time looking at homes that are out of your price range.

If that happens, it's hard not to be disappointed later when you view less expensive homes. You've got to put food on the table, clothes on your back and gas in your car-and have a little fun now and then. You also need to be prepared for emergencies as well.

Your mortgage specialist will help you make sure you have money left over to pay for the necessities of life, as well as some of your lifestyle choices. The following calculations are used by most lenders as a guide to help determine the maximum you should spend on housing costs and overall debt levels:. If your monthly housing and housing-related costs don't leave you enough money for your other expenses, then you have a few options.