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8 - 3070 Thomas Street
Churchill Meadows, Mississauga
$739,900
One of the most desirable locations in Churchill Meadows; absolutely stunning sun-soaked 3+1 bedroom, 3 bath. Over 1500 sq.ft. Executive Modern Townhouse which offers easy access to garage and main entrances. Gorgeous Open Concept Main Floor loaded with upgrades including Kitchen with Quartz Counter-tops, SS Appliances and Built In Microwave. The property boasts high ceilings, w/o to private terrace, no carpet, hardwood stairs, pot lights and upgraded washroom vanities. Conveniently located close to schools, shopping, transit, highways 401/403/407 & access to complex playground.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,787
- Property tax
- $348
- Heat allowance
- $150
- Condo fees, half counted
- $322
- Housing costs
- $4,607 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$142,000
gross annual household income
- Payment at 4%
- $3,114 / mo
- Cash down
- $147,980
Assumes no other monthly debts · 25-yr amortization
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