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Affordability Calculator
Payment Calculator

Your results are a general guideline based on the information you entered. If you’d like to know exactly how much you qualify for, what your mortgage payments would be, and to lock in an interest rate for up to 120 days, click below to begin an application online.

IMS Mortgage Affordability Calculator

Income

$
$

Monthly Debt Payments

$

$

$

GDS/TDS

Down Payment Amount

*Minimum Down Payments: Purchase price of $500,000 and less = 5% minimum down payment;$500,001 – $999,999 = 5% on first $500,000 ($25,000) + 10% on remaining amount; $1,000,000+ = 20% minimum down payment

Affordability: Minimum (5%) Down Payment

Affordability: 10% Down Payment

Affordability: 15% Down Payment

Affordability: 20% Down Payment

Your results are a general guideline based on the information you entered. If you’d like to know exactly how much you qualify for, what your mortgage payments would be, and to lock in an interest rate for up to 120 days, click below to begin an application online.

IMS Mortgage Payment Calculator

Purchase

3%
0.50%10.00%
*Minimum Down Payments: $500,000 and less = 5% minimum down payment;$500,001 – $999,999 = 5% on first $500,000 ($25,000) + 10% on remaining amount; $1,000,000+ = 20% minimum down payment
%

Premiums

Amortization

25
*For new purchases with less than 20% down payment, the allowable amortization is 25 years. Amortization of 30 years is only allowed on purchases with a down payment of 20% or more.

Monthly Payments

Semi Monthly

Bi Weekly

Weekly

Bi Weekly (accelerated)

Weekly (accelerated)