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Payments

Monthly payments and income required, based on purchase price and downpayment

The following tables will show you what your monthly payments would be, and the income required, based on your purchase price and downpayment.

Note that these tables are examples based on an interest rate of 6.25% and an amortization period of 25 years. Coming soon: you will be able to add your own customized columns to the charts. There may be other expenses not covered in this example, such as common fees for condominiums.

Leaside Two Bedroom Condominium: $243,000 (brief)

Price 243,000 243,000 243,000
Downpayment Amount 12,150 24,300 60,750
Downpayment % 5% 10% 25%
Total Monthly Payment 1,742 1,661 1,395
Annual Income Required 65,335 62,277 52,321

Leaside Two Bedroom Condominium: $243,000 (detailed)

Price 243,000 243,000 243,000
Downpayment Amount 12,150 24,300 60,750
Downpayment % 5% 10% 25%
Interest Rate 6.25% 6.25% 6.25%
Amortization 25 years 25 years 25 years
Mortgage 230,850 218,700 182,250
Insurance Premium 5,771 5,468 1,367
Total Mortgage 236,621 224,168 183,617
Monthly Prin. + Int. 1,549 1,468 1,202
Monthly Taxes 193 193 193
Total Monthly Payment 1,742 1,661 1,395
Annual Income Required 65,335 62,277 52,321





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TRILLIUM LANE REALTY LTD.