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05-11-2009, 12:04 AM
Ri hards
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Join Date: Jun 2004
Country: Canada
Posts: 3,795
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my buddy just put me through a crash course...if I can pony up a 25% downpayment, it'd cost me $1800 a month @ a 6.5% 10 year fixed term for 25 years.

I think I might have to go for plan B...

This is the suite I'm looking at:

Suite costs $250 000-$275 000...if I can put down the 25% down payment with a 6.5% 10-year fixed rate mortgage for 25 years I'd pay $1300 a month.

This would actually be viable....****. I just need to get this down payment together.

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