769 JOHNSTON PARK Avenue Collingwood Ontario
Up to 25 photos available.
Welcome to this spacious and bright 3 bedroom, 3 bathroom home at Lighthouse Point. The 100 acre development on the water, with 7 tennis courts, 3 outdoor pools an indoor pool and a great 16,000 square foot recreation centre. This unit has a private patio off the dining area as well as a large garage. The open plan living area is great for entertaining and there is a cozy gas fireplace for those apres ski evenings. Close to Collingwood and Blue Mountain Ski Hills a great place for your full time home or your 4 season getaway home. Click in multi media to view the full virtual tour. Thank you form 244 offers if any will be presented 18th May at 2:00 pm
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.