|
RENT PAYMENT |
MORTGAGE PAYMENT |
MORTGAGE (INCLUDES CMHC) |
DOWN PAYMENT |
PURCHASE PRICE |
INCOME REQUIRED |
|
|
|
|
|
|
|
|
$450.00 |
$450.00 |
$81,580.51 |
$4,158.56 |
$83,171.15 |
$19,663.02 |
|
$500.00 |
$500.00 |
$90,645.01 |
$4,620.62 |
$92,412.39 |
$21,847.80 |
|
$550.00 |
$550.00 |
$99,709.51 |
$5,082.68 |
$101,653.63 |
$24,032.58 |
|
$600.00 |
$600.00 |
$108,774.01 |
$5,544.74 |
$110,894.87 |
$26,217.36 |
|
$650.00 |
$650.00 |
$117,838.51 |
$6,006.81 |
$120,136.11 |
$28,402.14 |
|
$700.00 |
$700.00 |
$126,903.01 |
$6,468.87 |
$129,377.35 |
$30,586.92 |
|
$750.00 |
$750.00 |
$135,967.51 |
$6,930.93 |
$138,618.59 |
$32,771.70 |
|
$800.00 |
$800.00 |
$145,032.01 |
$7,392.99 |
$147,859.83 |
$34,956.48 |
|
$850.00 |
$850.00 |
$154,096.51 |
$7,855.05 |
$157,101.07 |
$37,141.26 |
|
$900.00 |
$900.00 |
$163,161.01 |
$8,317.12 |
$166,342.31 |
$39,326.04 |
|
$950.00 |
$950.00 |
$172,225.51 |
$8,779.18 |
$175,583.55 |
$41,510.82 |
|
$1,000.00 |
$1,000.00 |
$181,290.01 |
$9,241.24 |
$184,824.79 |
$43,695.60 |
|
$1,050.00 |
$1,050.00 |
$190,354.51 |
$9,703.30 |
$194,066.03 |
$50,086.08 |
|
$1,100.00 |
$1,100.00 |
$199,419.01 |
$10,165.36 |
$203,307.26 |
$52,471.14 |
|
$1,150.00 |
$1,150.00 |
$208,483.51 |
$10,627.43 |
$212,548.50 |
$54,856.19 |
|
$1,200.00 |
$1,200.00 |
$217,548.01 |
$11,089.49 |
$221,789.74 |
$57,241.24 |
|
$1,250.00 |
$1,250.00 |
$226,612.52 |
$11,551.55 |
$231,030.98 |
$59,626.29 |
|
$1,300.00 |
$1,300.00 |
$235,677.02 |
$12,013.61 |
$240,272.22 |
$62,011.34 |
|
$1,350.00 |
$1,350.00 |
$244,741.52 |
$12,475.67 |
$249,513.46 |
$64,396.39 |
|
$1,400.00 |
$1,400.00 |
$253,806.02 |
$12,937.74 |
$258,754.70 |
$66,781.45 |
BASED ON AN INTEREST RATE OF: 5.79%
(INTEREST RATE SUBJECT TO CHANGE WITHOUT NOTICE)
ANNUAL TAXES ARE ASSUMED TO BE 1.25% OF PURCHASE PRICE
Assumptions made in calculating the above amounts include estimated property taxes and no more than 8% of the applicant’s gross income towards personal debt payments (ie: credit cards, car payment, personal loans, etc.) The above amounts are estimates and qualification still depends on a formal mortgage application, credit verification and other conditions as may be necessary for approval. The above rates are subject to change without notice.