Use this calculator to better understand how much you can afford to pay for a house and what the monthly payment will be with a VA Home Loan. You should buy a property that won't take anything more than 28 percent of your gross monthly income. For example, if you earned $, a year, it would be no. Usually your lender will require a policy, which you can purchase through the lender. However, many buyers will opt to purchase an owner's policy to insure. As a general rule of thumb, Ontario lenders will typically approve up to five times a borrower's mortgage amount. This means that if you. How much house can I afford? ; $, Home Price ; $1, Monthly Payment ; 28%. Debt to Income.
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