Quote:
Originally Posted by Jason00S2000
The place I live in is valued at somewhere around 700k last I checked. I can't imagine how much of a down payment I'd need to buy this place. Even with 100k down, I wonder what my monthly payment would be? The strata fees alone here are something insane like $400 a month, too
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If you had $100K down and this place is $700K, you'll be looking at a $600K mortgage and at 2.99% interest, you are looking at $1308 every 2 weeks if you are going with a bi-monthly payment schedule for the mortgage. But since you would have less than 25% down, there will be other charges and fees and taxes plus the strata fees and property taxes.