xyliy
@hgvjhk
For a CMHC home purchase of $1.5 million with the minimum down payment on 30 year amortization. Mortgage Amount: $1,430,000 (including insurance) Monthly Mortgage Payment: $7152 (based on 4.39% fixed rate) Income needed for qualify: $290,000 …Sounds affordable, right?
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Rubybu
@lookf
A substantial down payment is needed for this home purchase.
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