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Old 03-17-2017, 01:51 PM   #4
Mortgage Made Easy
Scoring Winger
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Join Date: Sep 2014
Location: Calgary, AB

Originally Posted by Calgary14 View Post
So if I'm reading that table correctly it looks like an additional 4% added to the cost of the property for anyone with a 5% traditional down payment, for a net of 1% equity to start?
The premium has increased from 3.6% to 4.0% for purchases with 5% down payment... this is correct. And yes, that means equity start is reduced.
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