 www.easymortgage.ca
|
 |
| Financial Feature Sheet |
|
|
Realtor: Jennifer Jones Company: Century 21 Millennium Phone: 416-708-0150 Property: |
Listing Price: $150000 Interest Rate: 5 % Amortization: 30 |
 |
|
|||||
| Down Payment | 25 % | 20 % | 15 % | 10 % | 5 % |
| Down Payment | 37,500 | 30,000 | 22,500 | 15,000 | 7,500 |
| First Mortgage | 112,500 | 120,000 | 127,500 | 135,000 | 142,500 |
| CMHC Premium | 0 | 0 | 2,231 | 2,700 | 3,919 |
|
|
|
|
|
|
| Total Financing | 112,500 | 120,000 | 129,731 | 137,700 | 146,419 |
|
|||||
| Monthly Payment | |||||
| P & I | 600 | 640 | 692 | 735 | 781 |
| Heating | 100 | 100 | 100 | 100 | 100 |
| Property Taxes | 250 | 250 | 250 | 250 | 250 |
| Condo Fees | 0 | 0 | 0 | 0 | 0 |
|
|
|
|
|
|
| Total | 950 | 990 | 1,042 | 1,085 | 1,131 |
|
|||||
| Income Required | 35,640 | 37,141 | 39,089 | 40,683 | 42,428 |
|
|||||