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How Much Can You Afford? |
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Simply choose the chart below with the DownPayment amount that you desire (25%, 10%, 5%, 0%), then scan down the left hand column to choose the annual household income amount that most closely approximates your own. Follow that line to the far right, and see the Home Purchase Price that you qualify for!!! |
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| Income* |
Mortgage |
25% Down Payment |
Purchase Price |
| $ 50,000 |
$ 172,500 |
$ 57,500 |
$ 230,000 |
| $ 75,000 |
$ 264,750 |
$ 88,250 |
$ 363,000 |
| $ 100,000 |
$ 360,000 |
$ 120,000 |
$ 480,000 |
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| Income* |
Mortgage w/insurance** |
10% Down Payment |
Purchase Price |
| $ 50,000 |
$ 172,500 |
$ 18,700 |
$ 187,000 |
| $ 75,000 |
$ 264,750 |
$ 28,700 |
$ 287,000 |
| $ 100,000 |
$ 360,000 |
$ 39,000 |
$390,000 |
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Call today for a quick pre-approval, or fill out our online application and we'll have a qualified Mortgage Professional approve you within 4 hours!!! Call 7 days a week 905-756-4018 !!! Call Now!!! |
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| Income* |
Mortgage w/insurance** |
5% Down Payment |
Purchase Price |
| $ 50,000 |
$ 172,500 |
$ 8,625 |
$ 175,000 |
| $ 70,000 |
$ 264,406 |
$ 12,500 |
$ 250,000 |
| $ 100,000 |
$ 246,406 |
$ 12,500 |
$ 250,000 |
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| Income* |
Mortgage w/insurance** |
0% Down Payment |
Purchase Price |
| $ 50,000 |
$ 157000 |
$ 0 |
$151,000 |
| $ 75,000 |
$ 242,320 |
$ 0 |
$ 233,000 |
| $ 100,000 |
$ 327,600 |
$ 0 |
$315,000 |
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All above calculations are for demonstration purposes only; this is not intended to read as a pre-approval, or promise of mortgage approval in any way. Rates, terms, and conditions will apply. For purposes of these calculations, average heat, and property taxes have been taken into account.
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* Total gross annual household income. All products assume the 3 yr qualifying rate of 6.00%, although your actual rate may be much lower (ie., 4.50%), the Banks use the higher 3 year posted rate to qualify most applications.
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** All mortgages on properties purchased with less than 25% down require a one-time insurance to be issued and added to the mortgage amount (typically CMHC and GE Capital, 2.50% premium on 10% down, 3.75% premium on 5% down, Xceed mortgage 4% fee on Zero 0 down). The Zero Down mortgage rate is currently 7.05%, and is subject to change.
NOTE: There is one alternative Zero Down product available for a limited time only. This is for clients with Excellent credit, and is often approved at preferred Rates. Conditions apply, please call for details!!!
Call today for a quick pre-approval, or fill out our online application and we'll have a qualified Mortgage Professional approve you within 4 hours!!!
Call 24 Hours / 7 days a week: (416) 833 3989 !!! Call Now!!! |
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