How much would 180 000 cost on a mortgage 4 5 OVER 5 YEARS

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Shelli

Hello, How much would 180 000 cost on a mortgage 4 5 over 5 years?

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Q. If a house cost 500000, if down payment is 100000 then how much is the monthly mortgage for 25 years?

"5yr fixed rate mortgage at 3.59% will mean a monthly payment of approx $2016..."

Hello Anon, the answer to your question depends on the term you are looking for. Today the fixed and the variable rates are still at all time lows so here is a quote for both. 5yr fixed rate mortgage at 3.59% will mean a monthly payment of approx $2016. Closed variable rate at Prime - 0.9% will mean a monthly payment of approx $1713. With a longer amortization 30 or 35 years these numbers drop quite a bit I would be more than happy to give you more rate quotes for different amortizations if you like, contact me and let me know what you are looking for and we can run some numbers. Abraham Niyazi - Mortgage Agent - Lic#M08010640 - Centum One FInancial Corp - Lic 10758. Cell: 416-993-4082 Toll Free: 1-866-728-3708 http://www.centum.ca/abraham_niyazi/ I deal with 25 Banks/Lenders and can do mortgages across Canada except Quebec.

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