Finance Project

Coby Qiu, Frank Xu

101-4841 SCHOOL DRAW AVE

Yellowknife, Northwest Territories, CAN

$519,900.00 | Apartment | 101 sq meters

Annual salary: $139,494.00

Marital Status: Single

Bank: TD Canada Trust

Down payment: 20% ($103,980)

Start saving down payment at age of 23 and buy at age of 26

Save $2888.33/month for the down payment ($103,980 / 3 years / 12 months)

Mortgage amount: $415,920.00 ($519,900 - $103,980; maximum mortgage amount: $620,854)

Term: 3 Year Fixed Closed

Annual Mortgage rate: 4.64%

Periods: 300 (12 months * 25 years)

Monthly Rate:

Monthly Payment (Interest + Principle):

Total Interest Paid: error

Mortgage rate increase % after 3 years

Income increase 4%, the new monthly income would be $12,089.48 ($139,494 / 12 months * 1.04)

The new mortgage payment will be [Please click the "Calculate" button above] of my income

Home appreciate % in 5 years

Sell this home after years of purchase