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What are the each individual monthly mortgage for the two houses (Canada) : House A: 705,000$ with 20% down payment paid. 11 years have passed
What are the each individual monthly mortgage for the two houses (Canada) :
House A: 705,000$ with 20% down payment paid.
11 years have passed since property purchase
(564,000$-100,000$) = approximately 464,000$ left to pay
House B: 860,000$ with 20% down payment paid.
Approx. 688,000$ left to pay
for both houses, redemption period is 30 years
fixed interest rate for every 5 years.
Consider current interest rate as 5.5%
Please show calculations if possible
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