35 SUNDIAL Court, Collingwood, Ontario, L9Y 5E5
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Fabulous location backing on to the Cranberry Golf Course. Lovely upgraded 2 bedroom condo with privacy and views. The current owners have done many upgrades and the condo shows A+. This would make a great full time residence or a super weekend getaway. Just minutes from Collingwood, with its great shops and restaurants and only minutes to the Village at Blue Mountain for all your winter sports and activities. Being close to the beaches this is also a perfect summer getaway or enjoy all the seasons that this Four Season Resort has to offer. New flooring by current owner and Hunter Douglas blinds, new stainless appliances. Offers if any will be accepted at 5:00 pm 22nd March as per seller's direction.
|Living room||Main level||13 X 10'10|
|Kitchen||Main level||7'9 X 9'10|
|Dining room||Main level||11'2 X 8'7|
|Bath (# pieces 1-6)||Main level||2 PC (POWDER RM)|
|Master bedroom||Second level||9'11 X 16'3|
|Laundry room||Second level||3 X 3'|
|Ensuite (# pieces 2-6)||Second level||4 PC|
|Bedroom||Second level||12'5 X 9'4|
Monthly Mortgage Payments at 2.44
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.