470 OXBOW Crescent, Collingwood, Ontario, L9Y 5B4
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RARE CRANBERRY END UNIT WITH TWO - TIER DECK COMES FULLY FURNISHED. Features 4 bedroom 2 bath 1450 sq ft townhome with impressive views of Osler Ski Club and the recreational space at Cranberry Resort. Features include open concept 2nd Floor with wood burning fireplace, a master bedroom with ensuite loft, c/w 4 kitchen appliances and so much more! It's the perfect spot for an active family. Access to the 18 hole golf course, indoor and outdoor pools, tennis courts and rec centre is available for an extra fee. You are located close to the extensive trail system & Georgian Bay! Makes a perfect home or weekend getaway from the city. Form 244 Sellers Direction in Place with no conveyance of offers until 6:00 pm April 25th, 2017. VIEW THE HIGH DEFINITION VIDEO PROPERTY TOUR. For the complete list of inclusions call today!
Collingwood -- Extreme Seller’s Real Estate Market
|Bedroom||Main level||10'4 X 6'6|
|Bedroom||Main level||11'4 X 10'5|
|Bath (# pieces 1-6)||Main level||4 PC|
|Bedroom||Main level||10'8 X 11'7|
|Living room||Second level||16'2 X 17'6|
|Kitchen||Second level||17'6 X 12'10|
|Master bedroom||Third level||15'11 X 12'1|
|Ensuite (# pieces 2-6)||Third level||4 PC|
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.