We stumbled upon this cool property for sale in Port Moody, BC by one of our trusted Realtor partners. It’s a lovely condo on St. Johns Street in the heart of Port Moody with 2 bedrooms, 2 bathrooms, 767 square feet and it’s only 3 years old. Property is listed for sale at $279,000 by Realtor, Michael Carlos at MacDonald Realty Inc.

Here’s an estimate on how you can afford this property at $279,000:

At 5% down payment or $13,950, your mortgage amount including the mortgage insurance premium would be $273,400. Your monthly payment will be approximately $1,155.75 per month on a fixed mortgage or approximately $933 per month if you decide to choose the variable mortgage option.

At 10% down payment or $27,900 your mortgage amount including the mortgage insurance premium would be $257,127. Your monthly payment will be approximately $1,087 per month on a fixed mortgage or approximately $877 per month if you decide to choose the variable mortgage option.

At 20% down payment, no mortgage insurance is required. Therefore, your mortgage amount would be $223,200 and your monthly payment would be approximately $944 per month on a fixed mortgage or approximately $762 per month on the variable mortgage option.

We also have a “Free Down Payment” mortgage program for clients who do not have the resources available to come up with the minimum 5% down payment required. For more details on financing options for this property, please contact us or apply online. For more information on this property or to book a showing, please contact listing agent: Michael Carlos.

Note: Estimated payments for fixed portion based on 5 year fixed mortgage rate at 3.69%, compounded semi-annually and estimated payments for variable portion based on 5 year variable rate mortgage at 2.20%, compounded semi-annually, based on 35 year amortization. Rates subject to change without notice and subject to borrower/property qualification. Borrower is responsible for all closing costs.