| Water Included | |
| Common Elements Included | |
| Building Insurance Included |
New5 hours ago
416 - 3401 Ridgeway Drive
Erin Mills, Mississauga
$459,000
Condo Apartment |
1 | 1 | 1 | 0
About this home
This Modern 1 Bedroom Unit Features: Full-Sized Kitchen with Quartz Countertops, Stainless Steel Appliances; Open-Concept Living Area with Lots of Light; 4-Piece Bathroom and Full-Sized Washer/Dryer. Very Well-Managed 4-Storey Building.
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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%
- $2,349
- Property tax
- $265
- Heat allowance
- $150
- Condo fees, half counted
- $221
- Housing costs
- $2,984 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $91,800
25-yr amortization
Income needed
$92,000
gross annual household income
- Payment at 4%
- $1,932 / mo
- Cash down
- $91,800
Assumes no other monthly debts · 25-yr amortization
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