66 SLALOM GATE Road Collingwood Ontario
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On the West side of Collingwood an awesome property and fantastic neighborhood, minutes to the base of Blue Mountain. Walk to the driving range, bike on the Georgian Trail. Featuring 3 spacious bedrooms, 3 bathrooms. Great view of the escarpment from the second-floor family room and master bedroom. Need a spot to store your toys? Oversized detached single car garage will do the trick. Open houses this Sat., May 20 and Sun., May 21 from 2 to 4 PM. Offers will be reviewed at 10AM on May 24th, 2017. The Seller reserves the right to consider pre-emptive offers as per Seller's Direction.
Collingwood -- Extreme Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
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.