35 - 104 FARM GATE Road Blue Mountains Ontario
Up to 29 photos available.
Arrowhead at Blue is a recreational community within walking distance to the Blue Mountain Village. Freehold townhouse with a common element fee, so you own the house and lot but get the convenience of snow removal, grass cutting and a shuttle service to the village. Large open concept great room with views to the ski hills and a gas fireplace. The second level has three bedrooms and two full bathrooms. The upper loft bedroom has room for beds and a seating area, again with great views! Finished lower level recreation room and laundry area. Lots of room for guests and family at over 2800 square feet finished space. Make this property your four season retreat. Photos and video are from model unit.
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.