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First Mortgage
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$100,072.00 |
5.75% |
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Gross amount of loan is $116,200.00
APR is 13.47 %
Balance outstanding at the end of term is $116,200.00
Total cost of credit during 2 year term is $31,312.71
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$150,034.00 |
5.75% |
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Gross amount of loan is $173,100.00
APR is 13.20 %
Balance outstanding at the end of term is $173,100.00
Total cost of credit during 2 year term is $45,686.25
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$200,018.00 |
5.75% |
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Gross amount of loan is $229,900.00
APR is 13.03 %
Balance outstanding at the end of term is $229,900.00
Total cost of credit during 2 year term is $59,924.72
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Second Mortgage
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$ 10,058.00 |
8.75% |
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Gross amount of loan is $13,400.00
APR is 21.91 %
Balance outstanding at the end of term is $13,400.00
Total cost of credit during 2 year term is $5,870.85
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$ 50,074.00 |
8.75% |
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Gross amount of loan is $59,100.00
APR is 17.07 %
Balance outstanding at the end of term is $59,100.00
Total cost of credit during 2 year term is $20,179.38
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$100,072.00 |
8.75% |
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Gross amount of loan is $116,200.00
APR is 16.38 %
Balance outstanding at the end of term is $116,200.00
Total cost of credit during 2 year term is $38,057.32
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Phone: (604) 434-9992
Toll Free: 1-866-434-9992
Email: Dave Segal
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