Skip to main content

First-time Home Buyers

Help Me Find a Home

Learn about the real estate process, what to look for in a neighbourhood and setting a budget before house hunting.

Learn More about how we can help you find a home.

Understanding the Home Buying Process

Get help with making an offer, paying for closing costs and choosing a mortgage that suits your unique needs.

Learn More about Understanding the Home Buying Process

Welcome to Home Ownership

Transition into home ownership comfortably with helpful advice for living comfortably in your home.

Learn More about Welcome to Home Ownership

Learn more about the Government of Canada’s new First-Time Home Buyer Incentive

How Much Home Can You Afford?

Please enter an income between $1,000 and $1,000,000
Please enter a down payment between $1,000 and $5,000,000

How much can I comfortably spend on my home purchase?


My monthly RBC mortgage payment will be...


Talk to a Mortgage Specialist Get Prequalified Now

All dollar values have been rounded.
The calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard.
This calculation assumes a constant interest rate throughout the amortization period and the Total Interest Cost is averaged over the life of the mortgage rounded to the nearest dollar. Interest rate compounded half-yearly, not in advance. The mortgage payment amount may vary according to certain variables entered in to the calculator and may not provide the precise dollar amount of your payment. It will give you a general idea of the payment amount based upon the information you have entered. The accelerated bi-weekly payment is equivalent to the monthly payment divided by two and the accelerated weekly payment is equivalent to the monthly payment divided by four.
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.
In order to be approved for a mortgage, you will need at least 5% of the purchase price as a down payment if your purchase price is within $500,000. If your purchase price is between $500,000 and $1,000,000, your minimum down payment is 5% of the first $500,000 and 10% of the price between $500,000 and $1,000,000. If your purchase price is $1,000,000 or more, your minimum down payment is 20%.

RBC Homebuyer Advantage

Tips, tools, and perks from RBC partners

Thinking about home ownership but don't know where to start? RBC makes it easy with this step-by-step guide to home buying. Inside you will find tips, tools and perks from RBC partners.

Home by RBC

Personalize your homeownership journey

Home by RBC provides you valuable home buying information to help you take the next steps. From what you could afford, to where you could live, and much more. Everything is available and saved in one convenient location.

New to Canada?

Learn about common myths and other essential mortgage information for newcomers to Canada.

RBC Homeline Plan®

A Mortgage & Line of Credit in One.
Requires 20% Equity or 20% Down.

View our Rates

2 year fixed closed


3.100% APR

5 year fixed closed


3.120% APR

Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions apply.