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Malton, Mississauga
$649,900
Excellent opportunity for first-time buyers and investors! This beautifully maintained 3-bedroom home is located in the heart of Malton - Mississauga, Lovingly cared for by the same owners since 1974. Offering a spacious and functional 4-level layout, this bright and inviting home features a large living room with tall windows allowing plenty of natural sunlight, a generous eat-in kitchen with breakfast area and a separate formal dining room. Three generously sized bedrooms including primary bedroom with a walk-in closet. Pride of ownership is evident throughout this well-kept home. Bright, spacious, and in excellent move-in condition, this is a wonderful opportunity to own a home in an established Mississauga neighbourhood!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,326
- Property tax
- $339
- Heat allowance
- $150
- Housing costs
- $3,815 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,735 / mo
- Cash down
- $129,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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