Affordability chart
0
| Based on 6.25 % 3 Year Fixed rate |
 |
CONVENTIONAL Lending 25 % Down Payment |
|
HIGH RATIO Criteria 10 % Down Payment |
|||
| INCOME LEVEL |
Maximum Mortgage |
|
Affordable Home |
Down Payment |
|
Affordable Home |
Down Payment |
| $ 30,000 | $ 110,731 | $ 147,641 | $ 36,910 | $ 120,622 | $ 12,063 | ||
| $ 35,000 | $ 129,185 | $ 172,247 | $ 43,062 | $ 140,724 | $ 14,073 | ||
| $ 40,000 | $ 147,641 | $ 196,855 | $ 49,214 | $ 160,829 | $ 16,083 | ||
| $ 45,000 | $ 166,096 | $ 221,461 | $ 55,365 | $ 180,932 | $ 18,094 | ||
| $ 50,000 | $ 184,551 | $ 246,068 | $ 61,517 | $ 201,036 | $ 20,104 | ||
| $ 55,000 | $ 203,007 | $ 270,676 | $ 67,669 | $ 221,141 | $ 22,115 | ||
| $ 60,000 | $ 221,461 | $ 295,281 | $ 73,820 | $ 241,243 | $ 24,125 | ||
| $ 65,000 | $ 239,916 | $ 319,888 | $ 79,972 | $ 261,346 | $ 26,135 | ||
| $ 70,000 | $ 258,372 | $ 344,496 | $ 86,124 | $ 281,451 | $ 28,146 | ||
| $ 75,000 | $ 276,827 | $ 369,103 | $ 92,276 | $ 301,554 | $ 30,156 | ||
|
|
|||||||
| $ 80,000 | $ 295,281 | $ 393,708 | $ 98,427 | $ 321,657 | $ 32,166 | ||
| $ 85,000 | $ 313,737 | $ 418,316 | $ 104,579 | $ 341,761 | $ 34,177 | ||
| $ 90,000 | $ 332,192 | $ 442,923 | $ 110,731 | $ 361,865 | $ 36,187 | ||
| $ 95,000 | $ 350,647 | $ 467,529 | $ 116,882 | $ 381,968 | $ 38,197 | ||
| $ 100,000 | $ 369,103 | $ 492,137 | $ 123,034 | $ 402,073 | $ 40,208 | ||
| $ 105,000 | $ 387,557 | $ 516,743 | $ 129,186 | $ 422,175 | $ 42,218 | ||
| $ 110,000 | $ 406,012 | $ 541,349 | $ 135,337 | $ 442,279 | $ 44,228 | ||
| $ 115,000 | $ 424,468 | $ 565,957 | $ 141,489 | $ 462,383 | $ 46,239 | ||
| $ 120,000 | $ 442,923 | $ 590,564 | $ 147,641 | $ 482,487 | $ 48,249 | ||
This is a great guideline based on the rate of 6.25% with a minimum of 10% downpayment, since rates are always changing please contact your mortgage broker for up to date rates.
For more information on the Brampton or Georgetown real estate market drop me an email.