Purchase as a Principal Residence (no Suite)

Purchase as a Principal Residence (no Suite)

 Purchase as a Principal Residence (no Suite)
Address:
# 304 5906 176A ST
Listing:
Purchase Price:
$159,900
Key Points:
Income
1. Mortgage Payment range from $308 to $724
2. Income requirement range from $17,473/year to $29,301/year
3. Total property monthly costs ranges from $548 to $965.
Considerations:
1. Income qualification does not take into account other debts such as credit
cards, car payments, line of credits etc.
Notes
Expenses (excluding Mortgage)
Taxes
Strata
Insurance
Repairs
Heat
Hydro
Gas
Water
$80
$0
$60
$50
$50
$0
$0
$0
Total
$240
Nice top floor condo with 44 sq ft Nth facing balcony. Great inv property that cash
flows. Long time tenant. Rentals and pets allowed. Updated appliances and Insuite
Laundry. Close to Kwantlen College and the new multi million dollarCloverdale Rec
centre, Shopping, Fraser Downs Casino and Track as well as all the amenities,
shops, restaurants, pubs, esthetics and a short walk to the Clova Theatre. Rent
$880.00 per month. Great starter home or investment in a growning area.
Your Mortgage Broker
Robert Klein
778 896 6732
[email protected]
Mortgage Broker: Robert Klein
778 896 6732
[email protected]
Rates are subject to purchaser & property qualification and can change without notice. O.A.C., E & O.E.
Line of credit and re-advanceable are based on interest only payments. Assumes no other debt or
ownership of other real estate.
MORTGAGE PAYMENTS
Robert Klein
778 896 6732
[email protected]
Purchase Price: $159,900
# 304 5906 176A ST
1. With 5% Down, 25 Year Amortization
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$7,995
$4,717
$156,622
5 Year Fixed
3 Year Fixed
1 Year Fixed
Variable
2.79%
2.59%
2.75%
2.6%
$724
$709
$721
$709
5 Year Fixed
3 Year Fixed
1 Year Fixed
Variable
2.79%
2.59%
2.75%
2.6%
$682
$667
$679
$668
5 Year Fixed
3 Year Fixed
1 Year Fixed
Variable
2.79%
2.59%
2.75%
2.6%
$524
$511
$521
$511
2. With 10% Down, 25 Year Amortization
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$15,990
$3,518
$147,428
3. With 20% Down, 30 Year Amortization
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$31,980
$0
$127,920
4. Unconventional: With 20% Down, Interest Only (can pay principal as option)
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$31,980
$0
$127,920
Line of Credit
Re Advancable
Mortgage Broker: Robert Klein
778 896 6732
[email protected]
Rates are subject to purchaser & property qualification and can change without notice. O.A.C., E & O.E.
Line of credit and re-advanceable are based on interest only payments. Assumes no other debt or
ownership of other real estate.
3.5%
2.89%
$373
$308
INCOME REQUIREMENT:
PURCHASE AS A PRINCIPAL RESIDENCE
Robert Klein
778 896 6732
[email protected]
Purchase Price: $159,900
# 304 5906 176A ST
Rental Suite Income: $0
1. With 5% Down, 25 Year Amortization
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$7,995
$4,717
$156,622
Income Requirement
Great Credit Good Credit
$26,295
$29,301
$32,834
$36,587
$32,834
$36,587
$32,834
$36,587
5 Year Fixed
3 Year Fixed
1 Year Fixed
Variable
2.79%
2.59%
2.75%
2.6%
5 Year Fixed
3 Year Fixed
1 Year Fixed
Variable
2.79%
2.59%
2.75%
2.6%
$24,987
$31,142
$31,142
$31,142
$27,843
$34,701
$34,701
$34,701
5 Year Fixed
3 Year Fixed
1 Year Fixed
Variable
2.79%
2.59%
2.75%
2.6%
$17,837
$17,473
$17,473
$17,473
$22,423
$21,966
$21,966
$21,966
2. With 10% Down, 25 Year Amortization
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$15,990
$3,518
$147,428
3. With 20% Down, 30 Year Amortization
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$31,980
$0
$127,920
4. Unconventional: With 20% Down, Interest Only (can pay principal as option)
Property Price
Down Payment
CMHC Fees
Total Mortgage
$159,900
$31,980
$0
$127,920
Line of Credit
Readvancable
3.5%
2.89%
$22,777
$22,777
Mortgage Broker: Robert Klein
778 896 6732
[email protected]
Rates are subject to purchaser & property qualification and can change without notice. O.A.C., E & O.E.
Line of credit and re-advanceable are based on interest only payments. Assumes no other debt or
ownership of other real estate.
$28,634
$28,634
PROPERTY MONTHLY COSTS
Robert Klein
778 896 6732
[email protected]
Purchase Price: $159,900
# 304 5906 176A ST
Financing Type:
Interest Rate
Minimum Down Payment
5 Year Fixed
2.79%
5%
Variable Mortgage
2.6%
5%
Line of Credit
3.5%
20%
Re Advancable
2.89%
20%
Expenses
Mortgage
Taxes
Strata
Insurance
Repairs
Heat
Hydro
Gas
Water
$724
$80
$0
$60
$50
$50
$0
$0
$0
$709
$80
$0
$60
$50
$50
$0
$0
$0
$373
$80
$0
$60
$50
$50
$0
$0
$0
$308
$80
$0
$60
$50
$50
$0
$0
$0
Total Expense
$965
$950
$613
$548
Mortgage Broker: Robert Klein
778 896 6732
[email protected]
Rates are subject to purchaser & property qualification and can change without notice. O.A.C., E & O.E.
Line of credit and re-advanceable are based on interest only payments. Assumes no other debt or
ownership of other real estate.