Selling the home
Get an idea for how factors like our respective equity shares, the property’s appreciation rate, and the time you spend in the home, impact how much we each receive when the home is sold.
Our combined downpayment is fixed at 20% of the purchase price
When you co-buy with Ourboro you can contribute anywhere from 5 - 15% of the purchase price toward the down payment. We’ll invest the rest to get the home to a 20% down payment.
Ourboro can invest up to 15% of the home’s purchase price, with a maximum contribution of $250,000.
For the last 50 years, the Greater Toronto Area has seen home prices appreciate by an average of 7% year-over-year
This represents how much you’ll have outstanding on your mortgage, based on an original mortgage that was 80% of the purchase price.
The amount of mortgage principal that will be returned to you based on your estimated payments. This estimate uses an average interest rate of 5.5% over a 30 year amortization.
Remaining Equity is what gets split based on our respective equity shares. It's made up of our original down payment plus/minus the appreciation or depreciation in the home's value.
Selling the home
Get an idea for how factors like our respective equity shares, the property’s appreciation rate, and the time you spend in the home, impact how much we each receive when the home is sold.
Purchase Price
Total Down Payment
Your Contribution
Your Minimum
Your Maximum
Ourboro's Contribution
Equity Split
|
Annual Property Appreciation
When do you plan to sell?
After
years,
you
sell
the
home
for
Sale Price
-
Remaining Mortgage
Net Proceeds
-
Mortgage Principal Returned
=
Remaining Equity
Your Return
+
Return of Mortgage Principal
=
Your Funds Received*
Ourboro's Return
=
Ourboro's Funds Received**
*Closing costs, less applicable Selling Bonus, are paid by the co-owner.
**This is also the amount you would pay to Ourboro if you were to buy out our share instead of selling, provided the property appreciation meets pre-established guidelines.
Compare working with Ourboro against buying on your own, today or in a few years down the road with our “Buy now vs buy later” Calculator.
Compare working with Ourboro against buying on your own, today or in a few years down the road with our “Buy now vs buy later” Calculator.