1 - 125 NAPIER Street Collingwood Ontario
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Wonderful combination of past & present, Duke Lofts in Downtown Collingwood. An address of distinction. 1 of only 4 exclusive units presented for sale. Soaring 14 ft ceiling of pressed tin patiently refurbished, original well preserved maple stairways, 8 ft tall doorways & century old maple flooring, a unique combination of heritage architecture, contemporary design, modern conveniences & maintenance free living. Natural sunlight spills into the kitchen, dining & living/great room from large, double hung windows. Gourmet kitchen w/custom 16 ft quartz island, built-in professional appliances & perfectly positioned, carefully selected lighting is an absolute & highly functional beauty. Spacious master bedroom suite features large walk-in closet & ensuite bath. Large outdoor living space, ample basement storage, garage w/ direct entry & outdoor parking. Walking distance to downtown, biking trails, Georgian Bay, this property should top your list & solidify your instincts to view today!
Collingwood -- Extreme Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this condo in Collingwood -- lets calculate some mortgage payment options and see if purchasing this condo 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.