how much would the monthly mortgage if the price is 350,000

Your monthly mortgage payment will be determined on a few different factors. These factors are Mortgage Term, Payment Frequency, Amortization Period, Mortgage Amount, and Interest Rate. For example a $350,000 mortgage with a 25 year amortization, at a 5 year fixed rate of 3.29% would equal a monthly payment of $1708.88 . That is just a quick example and it does depend on what type of mortgage you are looking for. If you would like to know more about your mortgage, or have any questions I would be happy to help. You can also visit my website and try out my mortgage calculator. Have a wonderful day Jamila Syed.

Regards,

Issac jirjis
Mortgage Agent
Lic:M10001597
Tel:4168910349
Fax:4167461241
Email:ijirjis@mortgagebrokers.com
Web: www.issacjirjis.com
Blog: www.mortgagemorale.com

Here is a free online mortgage calculator http://www.flaherty.ca/silver_mortgagecalc.asp

Kevin Flaherty
Direct Cell: 1-877-352-4378 Ext: 1

It depends also upon different factors: how much downpayment you have, what is your credit score, etc, so the best is to contact directly a Mortgage Broker directly, you can only calculate approximate values, but what you will pay exactly, will depend on different factors.

Hi Jamila,

Issac, Kevin and Richard above said it well. There are a number of factors that need to be taken into consideration when determining what your monthly payment will be. A Mortgage Broker will be able to work with you to find a mortgage product that fits within your monthly budget and one that is in line with your short-term and long-term goals.

For your simplicity, there are a number of online mortgage calculators available online that you can use to do some rough calculations. Here is one for your convenience:
http://mortgagesbydeepak.com/calculators

When searching for a Mortgage Broker, call at least two, ask them some questions and go with who you feel more comfortable working with.

Best of luck Jamila!

Cheers,
Deepak

Based on the question , asumming a conventional mortgage 20% down , interest rate of 3.6% amortized over 25 years your monthly payment would be 1268.29, this is your mortgage payment principle and interest. There are certainly many other factors to consider , so discussing with your local mtg broker will help you in deciding what you can afford.

Hope that helps
Debra

As always it depends also upon different factors:
1. how much downpayment you have ? Are you buying with 5 % down-payment and therefore have to go through an insurance called CMHC. Or are you an investor who needs to have a deposit of 20 % ?

2. what is your credit score ?
3. Open mortgage or closed mortgage etc.,

Therefore go to your bank directly or a mortgage broker an get precise answers to your particular situation.

Hope this helps !

Jamila,

We do have an online Calculator on our website where you can get the Mortgage payments, Cmhc Cost Taxes & Insurance etc. There are many more neat features there for you to check.

Here is the link: http://www.team1percent.com/HomesAuthenticated.aspx?tabid=163210

There are many factors to consider in order to determine the mortgage payment.
Online calculators like the one that I have on my website can give you a rought idea of the base payment. But if you are really looking to determine "can I afford the mortgage payment on a house with a purchase price of $350,000?", I would recommend that you speak to a Mortgage Specialist to have these factors and your options outlined for you.
There is no obligation to get this advice.

Best regards,

Michael
ph: 905 493 4487
Cell: 416 543 8140

Follow me on Twitter: @MG_Mortgages