| Key Facts: |
| Down Payment: | 20% |
| Local Deed-Transfer Tax: | 1.5% |
| Provincial Deed-Transfer Tax: | 1.5% |
| Interest: | 4% annually for 10 years |
| Mortgage: | 25 years - 300 months |
| Yearly Estimated Maintenance: | $600 |
| Monthly Condo Fees: | $1,055 |
| Monthly Taxes: | $300 |
| Potential Buying Price: | $600,000 |
| Financing Price: | 600,000 | | 600,000 |
| | 0.2 | | -120,000 |
| | 120,000.00 | | 480,000 |
| Financing Price with Estimate Annual Repairs and Maintenance: | 480,000 |
| | 600 |
| | 480,600 |
| Monthly Payment Before Interest: | 480,000 | | 1,600 |
| | 300 | | 1,055 |
| | 1,600 | | 300 |
| | | | 2,955 |
| Annual Interest: | 480,000 |
| | 0.04 |
| | 19,200 |
| Total Annual Interest in 10 Years: | 19,200 |
| | 10 |
| | 192,000 |
Johath3
statement_1.xlsx
