How Much Can You Afford?
Use the following to chart to determine your monthly principal and interest payments at various interest rates for either a 15 or 30-year term.
1. Find the appropriate interest rate from the chart above.
2. Look across the column to the appropriate term to determine your interest rate factor.
3. Multiply the interest rate by your loan amount in $1,000s.
2. Look across the column to the appropriate term to determine your interest rate factor.
3. Multiply the interest rate by your loan amount in $1,000s.
Add your monthly insurance premium and your property tax to your principal and interest to determine your total monthly payment.
I am providing this information as a guide. I strongly recommend that you contact our mortgage specialist Krista McFadden with Invis so that she can give you all of the information that you need.
Krista can be directly directly at 613-297-0407 or via email at kristamcfadden@invis.ca
I am providing this information as a guide. I strongly recommend that you contact our mortgage specialist Krista McFadden with Invis so that she can give you all of the information that you need.
Krista can be directly directly at 613-297-0407 or via email at kristamcfadden@invis.ca
