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Manoj Atri |
Sales Representative |
Re/Max Hallmark Realty Ltd., Brokerage |
Independently owned and operated. |
Manoj@ManojAtri.com |
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Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to make a good financial decision.
Click Below For More Info on: Homes FREE Rent to Own Listings in the Greater Toronto Area
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For More Info, Call or Email me to walk you through.
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Interest is compounded semi-annually not in advance. The Interest rate is fixed for the term of the mortgage. The interest rate is usually renegotiated at the end of the term of the mortgage.
In this calculation, "Inflation Rate" applies on property tax, maintenance fee, condo fee and CMHC (mortgage insurance) which adds up to mortgage amount. Closing Cost may include Land Transfer Tax (property tax) and lawyer costs. TMI stands for Tax, Maintenance and Insurance.
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
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