September 8th, 2010
Calgary local time: 03:13:29 AM

 

305, 1822 10 ave SW Calgary, Alberta T3C 0J8 Tel: (403) 245-3636 Fax: (403) 229-3113

Down Payment 25% 10% 5%
       
Rate: 5.15% 5.15% 5.15%
Down Payment: $75,000.00 $30,000.00 $15,000.00
First Mortgage: $225,000.00 $270,000.00 $285,000.00
Mortgage Insurance: $00.00 $8,505.00 $7,837.50
Total Financing: 225,000.00 $278,505.00 $292,837.50
       
Monthly Costs:      
Principle & Interest: $1,149.30 $1,422.61 $1,501.64
Heating: $60.00 $60.00 $60.00
Property Taxes: $208.33 $208.33 $208.33
Condo Fees: $0.00 $0.00 $0.00
Total Payment: $1,417.63 $1,690.94 $1,769.97
       
Total Household      
Income Required: $53,428.98 $62,802.98 $66,143.14
       
Clients may have to qualify at a higher rate. Subject to approved credit and income verification. These figures DO NOT include any other debts that an applicant may have.
If you increase your amortization to 35 years your montly mortgage payment will decrease by approximately $200/month.
Down Payment 25% 10% 5%
       
Rate: 5.15% 5.15% 5.15%
Down Payment: $75,000.00 $30,000.00 $15,000.00
First Mortgage: $225,000.00 $270,000.00 $285,000.00
Mortgage Insurance: $00.00 $5,400.00 $    7,837.50
Total Financing: 225,000.00 $275,400.00 $292,837.50
       
Monthly Costs:      
Principle & Interest: $1,327.89 $1,625.34 $1,728.25
Heating: $60.00 $60.00 $60.00
Property Taxes: $208.33 $208.33 $208.33
Condo Fees: $0.00 $0.00 $0.00
Total Payment: $1,596.22 $1,893.67 $1,996.58
       
Total Household      
Income Required: $59,858.38 $71,012.66 $ 74,871.84
       
Clients may have to qualify at a higher rate. Subject to approved credit and income verification. These figures DO NOT include any other debts that an applicant may have.
Calculations based upon a $300,000.00 purchase price, 5.15% for a 5 year term and 25 year amortization

Rates are subject to purchaser and property qualification, and can change without notice. Subject to approved credit and income.

Our rates as of: August 20th, 2010
Fixed Terms 6 month 1 year 2 year 3 year 4 year 5 year 7 year 10 year
Our Rates 3.95% 2.44% 3.04% 2.90% 3.79% 3.89% 4.85% 5.19%
Bank Rates 4.65% 2.70% 3.45% 3.75% 4.24% 5.59% 5.15% 5.49%
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