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Fletcher's Creek South, Brampton
$1,250,000
Gorgeous Upgraded Detached 4 Bedroom Brick Home With 2 Bedroom Finished Basement And Separate Entrance. Carpet free on 2nd. Laminate In 2nd Floor, All Elf's New, New Outside Concrete, Kitchen Counter & All S/S Appliances In The Main Floor. Main Floor Laundry. Stunning Location On The Border Of Mississauga/Brampton. Close To School, Public Transport & Major Access To Hwy (407,401,410).
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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,398
- Property tax
- $608
- Heat allowance
- $150
- Housing costs
- $7,156 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$220,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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