Financing & Closing Cost Worksheet
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Mortgage Payments & Closing Costs 3281 Golden Orchard, Mississauga $4,035.00
Estimated Property Taxes 2008
Down Payment
5%
10%
15%
20%
Purchase Price
489,900
489,900
489,900
489,900
Down Payment
24,495
48,990
73,485
97,980
First Mortgage
465,405
440,910
416,415
391,920
CMHC Ins. (3.25% on 5%, 2.00% on 10% & 1.75% on 15%)
15,126
8,818
7,287
480,531
449,728
423,702
2,018
1,979
1,780
1,646
336
336
336
336
0
0
0
0
2,354
2,315
2,116
1,982
85,617
84,184
76,938
72,084
350
350
350
350
Ontario Land Transfer Tax
6,273
6,273
6,273
6,273
Toronto Land Transfer Tax
0
0
0
0
CMHC (PST)
1,210
705
583
Legal Fee & Disbursements
1,200
1,200
1,200
1,200
Total Estimated Closing Costs
9,033
8,528
8,406
7,823
Total Mortgage incl. CMHC >Monthly Payment (P&I @3.60% - 5yr/35yr amort) Estimated Property Taxes (Monthly) >Condo Maintenance Fee (if applicable) Total Monthly Investment (P&I +Tax + Condo Fee) Annual Income Required @33% GDS
Estimated Closing Costs Property Inpection
Let me show you how diversifying your mortgage can meet your life's goals…..
Visit
www.davidpylyp.com
Three clicks of your mouse, will find your new house
Estimated Property Taxes 2008
Down Payment
5%
10%
15%
20%
Purchase Price
489,900
489,900
489,900
489,900
Down Payment
24,495
48,990
73,485
97,980
First Mortgage
465,405
440,910
416,415
391,920
CMHC Ins. (3.25% on 5%, 2.00% on 10% & 1.75% on 15%)
15,126
8,818
7,287
480,531
449,728
423,702
2,018
1,979
1,780
1,646
336
336
336
336
0
0
0
0
2,354
2,315
2,116
1,982
85,617
84,184
76,938
72,084
350
350
350
350
Ontario Land Transfer Tax
6,273
6,273
6,273
6,273
Toronto Land Transfer Tax
0
0
0
0
CMHC (PST)
1,210
705
583
Legal Fee & Disbursements
1,200
1,200
1,200
1,200
Total Estimated Closing Costs
9,033
8,528
8,406
7,823
Total Mortgage incl. CMHC >Monthly Payment (P&I @3.60% - 5yr/35yr amort) Estimated Property Taxes (Monthly) >Condo Maintenance Fee (if applicable) Total Monthly Investment (P&I +Tax + Condo Fee) Annual Income Required @33% GDS
Estimated Closing Costs Property Inpection
Let me show you how diversifying your mortgage can meet your life's goals…..
Visit
www.davidpylyp.com
Three clicks of your mouse, will find your new house
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