Tenant / Buyer Information:
Married Couple with two small children currently resides in Maple. They are looking to move to the North Whitby area and have found a beautiful townhouse in the Taunton and Brock road area.
Husbands work as a Machine Operator in Vaughn, and wife works in the Account Parables department in a firm in North York. Husband’s annual salary is $38,000 and the wife has a salary of $36,000. They have a monthly income of $6,166. They are putting down $6,000 on the house (plus first and last) and will be paying $1,650/month with $200 in credits towards their down payment.
They have agreed to the following buy out prices:
Buyout Price After Year 2 = $264,776
Buyout Price After Year 3 = $275,367