Monthly Carry Cost for Q Flat At Q West
Suite Purchase Price = $230,910
Furniture Package = $10,000…………Actual retail value $15,000
Total = $240,910
15% down payment = $36,137
Mortgage Amount = $204,733
CMHC = $3,584
Financed Amount = $208,317
Monthly P+I = $944 (based on 5yr fixed at 3.6% interest)
Property tax est. = $267
Condo fee = Free if you purchase in August … Actual = $129 x 24 mths = $3096
Total Monthly Carry Cost = $1,211
Total Savings By Buying in August = $ 8,096
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