| None |
Listed 2 months ago
2 - 1130 Cawthra Road
Mineola, Mississauga
$875,000
Condo Townhouse |
3 | 3 | 1 | 0
About this home
Move-In ready model townhome part of Mineola neighbourhood in Mississauga. This 3 bedroom, 3 bathroom home comes with an oversized private yard and a wraparound veranda to enjoy the view. The home also offers an open-concept living and dining room and hardwood flooring make for bright, spacious areas to entertain, and the multipurpose walkout basement is perfectly suited for a small office or excercise room. This convenient location gives you access to everything you need. Be it TTC, GO, or QEW. And you'll only be a walk away from shops and restaurants, and schools.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,479
- Property tax
- $497
- Heat allowance
- $150
- Condo fees, half counted
- $260
- Housing costs
- $5,386 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $175,000
25-yr amortization
Income needed
$166,000
gross annual household income
- Payment at 4%
- $3,682 / mo
- Cash down
- $175,000
Assumes no other monthly debts · 25-yr amortization
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