Last week we discussed and outlined the cost to purchase a Condo and this week I will be highlighting the purchase details of a Townhouse. Take a look below.
THIS COULD BE YOUR HOME!
TOWNHOUSE PURCHASE #1 (2 bdrm with garage and small yard)
Purchase Price- $270,000
Min 5% Down Payment- $13,500 (If you have more then your monthly payment will be less)
Mortgage Including CMHC- $263,554
Strata Fees - $150
Property Taxes: $115
PPT - FREE if you're a first time home buyer
Mortgage Rate - 2.99%
Amortization- (length to pay off the loan) 25 years
TOTAL PAYMENT: $1511 month
REMEMBER: You get $10,000 back on this purchase from the government if it's a brand new home.
REMEMBER: You get $10,000 back on this purchase from the government if it's a brand new home.
TOWNHOUSE PURCHASE #2 (3 bdrm with garage and small yard)
Purchase Price - $325,000 (3 bedroom Townhouse)
Min 5% Down Payment - $16,250 (If you have more your monthly payment will be less)
Mortgage including CMHC- $317,858
Stata Fees - $150
Property Taxes- $125
PPT - FREE if you're a first time home buyer
Mortgage Rate- 2.99%
Amortization- (length to pay off the loan) 25 Years
PAYMENT: $1777 Month - Now isn't that a heavenly number :)
REMEMBER: You get $10,000 back on this purchase from the government if it's a brand new home.
REMEMBER: You get $10,000 back on this purchase from the government if it's a brand new home.
So I ask you this question; If you're paying this amount in rent or more WHY ARE YOU RENTING AGAIN?
Consider purchasing a condo or townhome and OWN for a similar price or less than renting! Pay yourself instead of the landlord!
If your single, consider renting out one of the rooms to a room mate for approx. $500 month. This is what I did before I got married and it worked great.
Feel free to call or email me if you have questions or if you would like to put together your ROADMAP TO HOME OWNERSHIP. I'd say it's worth at least a phone call wouldn't you?
EMAIL: lacey@homeswithlacey.com PHONE: 604.910.LACE (5223)
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