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Northgate, Brampton
$639,900
**Power of Sale** 3 Bedroom, 2 Bathroom Semi-Detached Home For Sale Perfect For First-Time Home Buyers And Small Families. The Main Floor Features A Living Room, Kitchen Combined With Eating Area And Walk-Out To Deck And Large Back Yard. The Second Floor Includes3Bedrooms and Full Bathroom. Finished Basement With Large Rec Area And Bathroom. Private Drive With Ample Parking For Up to 4 Cars. Oversized Backyard Perfect For Entertaining. Located In Central Brampton, Close To Amenities Including Parks, Transit, Brampton Civic Hospital And Major Hwys.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,275
- Property tax
- $361
- Heat allowance
- $150
- Housing costs
- $3,786 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,693 / mo
- Cash down
- $127,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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