60 Elliott Street
Downtown Brampton, Brampton
$839,000
Location! Location! Location! welcome 60 Elliott St Brampton Ontario L6Y 1W1 Brampton Downtown Rarely Offered All Brick Bungalow On Sought After Street In Downtown Brampton! Beautifully Updated Home, Upper Level Feats Stainless Steel Appliances, Quartz Counters, Pot Lights, Hardwood Flooring, Uv Blinds, Picture Window And More. Legal 2 Bedroom Basement , Living Rm, Separate Entrance, plus den , Large Fenced Yard, Hot Tub, Detached Garage. Walking Distance To Transit, Gage Park, Shopping, Parks 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%
- $4,294
- Property tax
- $472
- Heat allowance
- $150
- Housing costs
- $4,916 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$151,000
gross annual household income
- Payment at 4%
- $3,531 / mo
- Cash down
- $167,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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