New2 hours ago
1101 Enola Avenue
Lakeview, Mississauga
$810,000
Detached|Bungalow
2 | 1 | 1
About this home
A perfect opportunity for a renovation/new build. Nicely sized lot at 30FT Wide & 127 Ft Deep. Lovely Curb Appeal. Large Backyard. Great Area! Minutes to Parks, Waterfront Trails, Restaurants, QEW, 403 and 427.
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,146
- Property tax
- $335
- Heat allowance
- $150
- Housing costs
- $4,631 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $162,000
25-yr amortization
Income needed
$142,000
gross annual household income
- Payment at 4%
- $3,409 / mo
- Cash down
- $162,000
Assumes no other monthly debts · 25-yr amortization
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