416 - 14 DAWSON Drive Collingwood Ontario
Up to 24 photos available.
This well maintained condo is a desirable end unit nestled in a treed enclave close to Cranberry Inn and a short walk to restaurants and shops in the Cranberry Mews plaza. Reverse floor plan with 2 bedrooms, 2 baths and laundry on the main floor. Open concept 2nd level main living area with vaulted ceiling, gas fireplace and walkout to a private 7' X 18' deck for warm weather enjoyment. Large kitchen with ample counter and cabinet space, stove, fridge, dishwasher and newly installed microwave range hood plus all dishes, small appliances and kitchen utensils etc. included Gas fireplace on thermostat provides supplemental heat to offset electrical costs with remote controlled ductless air conditioner for those hot summer nights. Average monthly utility expense for hydro, water/sewer is $236.00. This unit is being sold fully furnished and equipped. An ideal weekend retreat with rental potential or an affordable residence for first time home buyers. Available for immediate occupancy.
Collingwood -- Extreme Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
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.