28 DAVIS Street Collingwood Ontario
Up to 30 photos available.
This Creekside stunner is a one-of-kind backsplit. This bricklayer's original model is unique to this development with its custom stone front and matching stone shed in backyard. This 2 + 1 bdrm., 3 bath home, has almost 2600 sq ft of living space, a fabulous open concept kitchen with a large breakfast bar and pantry & walkout to a lovely side deck. There is upgraded lighting throughout. Fully finished great room with gas fireplace ! 3 full bathrooms! Finished rec. room! Ensuite has double shower with massage spray! Engineered floors, oak railings, 9 foot ceilings! This home boasts many unique features such as insulated floors for extra sound proofing! The double car garage is also insulated and includes an exhaust fan! This is a fabulous home in a great location! Come check it out!!!
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.