This mortgage calculator can help you determine if you can afford a new home based on your current salary. It should be noted, however, that usage of this tool does not indicate whether or not Canandaigua National Bank & Trust or any other institution will grant you a mortgage. It is only a rough guide to what can sometimes be a confusing or difficult process.

Here are some additional pointers:

1. Monthly mortgage, tax and insurance payments should generally not exceed 28% of your gross monthly income.
2. The sum of the monthly mortgage, tax, insurance and other debt payments should generally not exceed 36% of your gross monthly income.