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Title: | First Time Buyer Program - High Ratio Mortgage | ||||
---|---|---|---|---|---|
Down Payment | Mortgage Rate | Amortization | Description | Payment | Min. Income Required |
0.00% - | 5.09% | 25 Years | FREE DOWN PAYMENT 5 | $2,437 | $85,347 |
10.00% - $39,990 | 2.69% | 25 Years | 3 Yr Low Payment | $1,686 | $62,815 |
20.00% - $79,980 | 2.69% | 25 Years | 3 Yr Low Payment | $1,467 | $56,229 |
Title: | Self Employed/ Non Qualified Income Premium | ||||
Down Payment | Mortgage Rate | Amortization | Description | Payment | Min. Income Required |
10.00% - $39,990 | 4.99% | 25 Years | $2,102 | $75,305 | |
15.00% - $59,985 | 4.25% | 25 Years | $1,842 | $67,491 | |
20.00% - $79,980 | 3.89% | 25 Years | $1,670 | $62,327 |
Please fill out the following forms to calculate your monthly mortgage payments. You have the option of viewing your rates in either Canadian or American.
The mortgage calculator is for demonstration purposes only and may not reflect actual numbers for your mortgage. Assumes constant interest rate throughout the amortization period; interest is calculated semi-annually not in advance for fixed interest rate mortgages, and monthly for variable interest rate mortgages. Mortgage prepayments (e.g. additional payments) may be subject to a compensation charge.
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