300 MINNESOTA Street, Collingwood, Ontario, L9Y 3S5
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All brick bungalow on desirable Minnesota St. Luxury apt lower level well suited for caregiver situation or in-law setup. Highly sought after location - walk to everything the downtown Collingwood core has to offer. Completely renovated with thought and class. Luxury fittings and touches. 5 bedrooms. 3 kitchens. 4 bathrooms. Separate entrance. 6 cars can be parked. Come see this gem.
This residential home is located in a wonderful town known as Collingwood Ontario. To learn more about how to purchase this real estate property contact Brandon -- he would be more than happy to assist you.
|Bath (# pieces 1-6)||Lower level||4 PC|
|Bedroom||Lower level||11.6 X 10.4'|
|Living room/Dining room||Lower level||19 X 11.9'(/KITCHEN)|
|Bedroom||Main level||10.3 X 9.10'L|
|Bedroom||Main level||11.7 X 10.3'|
|Bath (# pieces 1-6)||Main level||3 PC|
|Kitchen||Main level||20.9 X 8.8'|
|Master bedroom||Main level||11.7 X 11.4'|
|Living room||Main level||16 X 16'|
Monthly Mortgage Payments at 2.44
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.