Based on only 5% down, the above is the bi-weekly mortgage payment for our brand new 3 bedroom 3 baths two-storey show home in Maple Ridge. (Many of you guessed the payment amount correctly in our recent giveaway.)
Chapter #2: Today, we have a new question about the same home.
By how much would the above payment increase if we were to fully develop the basement? (Specifically, if we were to add a bedroom, family room, and 3-piece bathroom.)
Would the new bi-weekly mortgage payment increase from $1,142.32 to:
a. $1,190.90 (a $48.58 increase)
b. $1,290.90 (a $148.58 increase)
c. $1,342.32 (a $200 increase)
d. $1,390.55 (a $248.23 increase)
To enter, simply comment below. The giveaway runs from now until 11 PM on May 17 (Sask time). Odds of winning depend on the number of correct entries received. The winner will be determined by draw and announced right here on May 18. Good luck!
p.s. Other questions/comments? For more info or to arrange a private viewing, just click here.)