156 ESCARPMENT Crescent, Collingwood
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Gorgeous 3 bedroom, 2 bath condo in Cranberry Village. Private location & close to all amenities. Open concept kitchen, dining room, living room combination. Walkout from living room to very private patio. Natural fireplace with built-in cabinetry. Enjoy this condo all year round with additional Cranberry Resort fee giving you access to outdoor pool, tennis courts, rec centre, indoor pool & gym and a golf course within a 3 wood. Trails throughout for biking and hiking. This is a must see!
- Address: 156 ESCARPMENT CRESCENT
- Nearest Town or City: Collingwood
- Ownership Type: Condo Corporation
|Kitchen||Main level||10' X 11'|
|Living room/Dining room||Main level||21'4 X 19'|
|Storage||Main level||5' X 11'|
|Bath (# pieces 1-6)||Second level||4 PIECE|
|Bedroom||Second level||16' X 9'6|
|Bedroom||Second level||14' X 10'|
|Ensuite (# pieces 2-6)||Second level||4 PIECE|
|Master bedroom||Second level||14'X 9'|
Monthly Mortgage Payments
Thinking about buying 156 ESCARPMENT Crescent -- lets calculate some 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.
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