3377 Kings Masting Crescent
Erin Mills, Mississauga
$775,000
Almost 1400 square feet as per MPAC plus finished basement. The perfect opportunity to update and make this home your own! 4 bedrooms on the upper level. Eat in Kitchen, large Living room and Dining room combination. All of this with a single car garage with a completely private driveway. Same owner since 1988. Priced for action, available immediately.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,967
- Property tax
- $469
- Heat allowance
- $150
- Housing costs
- $4,586 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$141,000
gross annual household income
- Payment at 4%
- $3,261 / mo
- Cash down
- $155,000
Assumes no other monthly debts · 25-yr amortization
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