Financing questions on this listing
micky.khaneka@mkgmortgages.com
4250 Weston Road, North York, ON M9L 1W9
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Financing sheet for realtors
A one-page sketch you can print for a listing conversation. Type the price and a rate if you want payments at 5%, 10%, and 20% down. The boxes start empty. MKG does not fill in a rate.
Any rate or payment mentioned is illustrative and on approved credit (OAC). It is not a quote, a commitment, or a current offer.
Illustrative example
Illustrative example. A $900,000 purchase with 20% down leaves a $720,000 mortgage. At 4.50% amortized over 25 years, principal and interest is about $4,002 a month. That rate is an example for this sheet. It is not an MKG offer. Taxes, insurance, and condo fees are not in the figure.
Payments from figures you type
Enter a price, a rate, and an amortization. Nothing is calculated until those three are filled in.
A down payment under 20% can add a mortgage-insurance premium. This sheet does not add that premium. The insurer's current schedule controls it. You may qualify with less than 20% down, subject to lender and insurer approval. Land transfer tax is a lawyer's figure. The closing-cost tool uses the published Ontario and Toronto brackets.