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CURRENTNEW ASSUMPTIONS
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Current Property Value
$630,000In TorontoYInterest Rate5.00%
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Original purchase price
$432,000.00New property price$1,000,000.00Amortization30
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Value Gains$198,000Downpayment25%$250,000.00Savings
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How much loan left
$291,812.58Mortgage $750,000.00Property Tax$3,000.00
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Original downpayment
$120,000.00Closing costsBook a no obligation home evaluation call
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Principal Paydown
$20,187.42
Land Transfer Tax
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Equity $338,187Ontario$16,475.00
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Mortgage discharge/penalty
$5,000.00Toronto$16,475.00
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Lawyer fees $2,000.00Lawyer fees$2,500.00
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Realtor fees5.00%$35,595Home inspection Yes600
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Cash after sale$295,592Total Closing Costs$36,050.00
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Total Cash Needed to Buy
$286,050.00
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If you refinance
$266,550Carrying costs
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Mortgage payment $ 4,026
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Property tax$250.00
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Condo fees$0.00
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Utilities$400.00
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Total Carrying Costs
 $ 4,676
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