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Payments

Monthly payments and income required, based on purchase price and downpayment

The following tables will show you what your monthly payments would be, and the income required, based on your purchase price and downpayment.

Note that these tables are examples based on an interest rate of 6.25% and an amortization period of 25 years. Coming soon: you will be able to add your own customized columns to the charts. There may be other expenses not covered in this example, such as common fees for condominiums.

Leaside Cape Cod: $485,000 (brief)

Price 485,000 485,000 485,000
Downpayment Amount 48,500 97,000 145,500
Downpayment % 10% 20% 30%
Total Monthly Payment 3,267 2,910 2,577
Annual Income Required 122,527 109,131 96,657

Leaside Cape Cod: $485,000 (detailed)

Price 485,000 485,000 485,000
Downpayment Amount 48,500 97,000 145,500
Downpayment % 10% 20% 30%
Interest Rate 6.25% 6.25% 6.25%
Amortization 25 years 25 years 25 years
Mortgage 436,500 388,000 339,500
Insurance Premium 10,913 4,850 2,546
Total Mortgage 447,413 392,850 342,046
Monthly Prin. + Int. 2,929 2,572 2,240
Monthly Taxes 338 338 338
Total Monthly Payment 3,267 2,910 2,578
Annual Income Required 122,527 109,131 96,657





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TRILLIUM LANE REALTY LTD.