5 MARINERS Haven Collingwood Ontario
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Spectacular fully renovated 5 bedroom home in Prestigious Mariners Haven. Energy efficient with state of the art technology this incredible home offers everything todays distinguished buyer is looking for. Magnificent water views, white oak floors, Rift cut oak millwork and book ended marble accents throughout. Gourmet kitchen with marble countertops, miele appliances, built-in cabinetry, prep kitchen. Fully wired for communication throughout. Living room with Stuv fireplace, mudroom & bathrooms with heated floors. Media room with 7 speaker surround (raised floor rumbles & vibrates). Inviting master suite with gorgeous water views, walk-in closet and spa-like ensuite with steam shower and Jacuzzi aerator. Outdoor living space is perfect for entertaining. Large extended dock for 40 boats.
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.