119 SALZBURG Place Blue Mountains Ontario
Up to 30 photos available.
This is a must see for discerning buyers looking for a high quality custom built chalet in the heart of Craigleith. Extraordinarily crafted, this mountain home is nestled amongst the trees at the end of a quiet cul-de-sac. Highlights include a spacious gourmet kitchen with a fired slate island that flows into the open concept dining/living room featuring a wood burning fireplace, exposed wood beams and stunning reclaimed wood floors. This home boasts 5 large bdrms and 4.5 beautifully appointed baths. Spacious second floor with a substantial 'bonus room', ideal for family evenings. The newly finished lower level offers a second family room with gas fireplace and room for billiards. The upgrades here are too numerous to list. This is a unique opportunity to own a true gem only a minutes drive from Craigleith and Alpine Ski Clubs. Clubs.
Blue Mountains -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Blue Mountains -- lets calculate some mortgage payment options and see if purchasing this home can become a reality.
- Down Payment
The amount of money you pay up front to obtain a mortgage. The minimum down payment is 5% and for down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.
- Mortgage Insurance
Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage and is applied to your mortgage amount.
- Mortgage Rate
The rate of interest you will pay on the outstanding balance of your mortgage.
- Mortgage Type
The mortgage type includes the term of the mortgage, between 1 to 10 years and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.