183 FOURTH Street East Collingwood Ontario
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This lovely home sits in the perfect downtown location, at the end of the street with no thru traffic & a gorgeous walking trail running along side it. Listen to the birds as you sit on your front porch. Spacious mudroom leads to large main floor laundry/storage room. Bright kitchen has den and full bath off of it. Immaculate hardwood floors in Living room and Dining Room. Tasteful neutral decor & light fixtures throughout. Upper level has generous Master Suite with full Ensuite. 2 more bedrooms, one with walk in closet on the upper level. The perfect mix of antique and modern finishes. Windows, doors, gas boiler system and siding all done within the last 10 years. Oversized single garage has spacious shed at the back for lots of storage. Long driveway for lots of Parking and a fully fenced yard. Dont miss this extremely well cared for home.
Collingwood -- Extreme Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Collingwood -- 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.