You have to take into consideration your potential closing costs when deciding what you can afford to purchase. This tool allows you to closely emulate the costs you can expect to pay. It should be used in conjunction with a professional mortgage broker.
Instructions: Enter the amount of your mortgage (not the sale price of the home) and click on View/Edit Closing Cost Details to get a granular estimate based on your situation.
Closing Cost Estimator
|View/Edit Closing Cost Details|