This document provides financing details for a condo unit located at 3025 Finch Ave. W., #1008 in Toronto that is listed for sale at $229,000. It outlines the annual property taxes and monthly condo fees. It then shows financing options and costs for down payments of 20%, 15%, and 5% of the purchase price. For each option it lists the down payment amount, monthly mortgage payment, CMHC/GE insurance premium if applicable, and estimated total monthly carrying costs including taxes and condo fees. Finally, it provides estimates for the total land transfer tax and legal fees required for closing the sale.
1. Harish Maraj
Sales Representative
Bosley Real Estate Ltd., Brokerage
290 Merton Street, Toronto
Phone: (416) 322-8000
Fax: (416) 322-8800
PRESENTS
3025 Finch Ave. W., # 1008, Toronto, Ontario
Asking: $229,000
Annual Property Taxes $1,736 Mortgage Interest Rate* 3.69 % 25 Year Amortization
Monthly Condo Fees $261 5 Year Term
Financing Options 20% Down Payment 15% Down Payment 5% Down Payment
Monthly Monthly Monthly
Downpayment $45,800 $34,350 $11,450
1st Mortgage $183,200 $933.13 $194,650 $1,008.80 $217,550 $1,138.57
CMHC/GE Insurance Prem. $0 $3,406 $5,983
Property Tax $145 $145 $145
Condo Fees $261 $261 $261
Heat $75 $75 $75
Total Monthly Carrying Cost $1,413.80 $1,489.47 $1,619.23
Est. Funds Required for Clsg
Total Land Transfer Tax $4,128 $4,128 $4,128
Legal Fees $1,200 $1,200 $1,200
Includes down payment & CMHC $51,128 $43,084 $22,761
Ask about our 30 year amortization
This Financing Feature Sheet is brought to you by:
Mortgage Architects Inc. Brokerage # 10287
Mortgage Gate Group of Companies
888.575.4403 (T) ~ 888.575.4404 (F) ~ 647-224-LEND (5363)
Joe Sammut - Mortgage Broker # M08004805
joesammut@mortgagegate.ca www.mortgagegate.ca
*Based on the most competitive rates available today. O.A.C. Rates are subject to change without notice and are conditional on purchaser and property qualification. This fact sheet is not intended to solicit
properties already listed for sale. The examples set out above are for general information. For a more detailed analysis please contact us at the numbers listed above.