Unit #: ________________________________
Purchase Price: $185,900
5% down payment of: $9,295
Mortgage: $176,605 (Based on a 5% down payment)
CMHC fee or GE Capital: $4,856.64 *2.75% of Mortgage
Financed Amount: $181,461.64
Monthly P+I: $989.13 *Based on 6.0% for 3 years
Monthly condominium fee approx.: $135.00
Condominium fee includes: common water, common area insurance, garbage removal, snow removal, grass cutting, insurance, common hydro, parking, management fee.
Monthly taxes estimate 2007: $193.65 *approx. 1.25% of purchase price
Total monthly cost of homeownership
Including P+I, CMHC fee, condo fees & taxes: $1,317.78
Monthly rent: $___________________
Cost differential: $___________________
NOTES:
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*Special Below Market Mortgage Rate up to 95% financing is based on a posted rate of 7.4%, available to qualified purchasers only.
E & OE December 10, 2007
