Mortgage Payments & Closing Costs

Marlborough
$6,900.00

Estimated Property Taxes 2012

Down Payment

5%

10%

15%

20%

Purchase Price

1,739,999

1,739,999

1,739,999

1,739,999

Down Payment

87,000

174,000

261,000

348,000

1,652,999

1,565,999

1,478,999

1,391,999

70,252

66,555

51,765

1,723,252

1,632,554

1,530,764

9,729

9,122

8,295

575

575

575

First Mortgage
CMHC Ins. (4.25% on 5%, 4.25% on 10% & 3.50% on 15%)
Total Mortgage incl. CMHC
>Monthly Payment (P&I @5.24% - 5yr/25yr amort)
Estimated Property Taxes (Monthly)

10,269
575

>Condo Maintenance Fee (if applicable)

Total Monthly Investment (P&I +Tax + Condo Fee)
Annual Income Required @33% GDS

10,844

10,304

9,697

8,870

394,334

374,680

352,622

322,552

Estimated Closing Costs

Property Inpection

400

400

400

400

Title Insurance

400

400

400

400

Ontario Land Transfer Tax

31,275

31,275

31,275

31,275

Toronto Land Transfer Tax

30,525

30,525

30,525

30,525

CMHC (PST)

5,620

5,324

4,141

Legal Fee & Disbursements

1,200

1,200

1,200

1,200

69,420

69,124

67,941

63,800

Total Estimated Closing Costs

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