281 COLBORNE ST Elora
Up to 19 photos available.
- Listed Since: February 1st 2020
If Your Dream Is To Live In Beautiful Elora, You're Home! 4 Bedrooms, 2 Full Bathrooms, Custom Built Kitchen With Large Granite Counters To Host Your Family Gatherings And Parties. Fully Fenced Yard With Two Tier Composite Deck One Level Covered, Home Features Formal Dining Room And 2 Separate Large Family Rooms, Heated Garage/Man-Cave. Updated Extensively And Is A 2 Minute Walk To Nearby Schools Just Steps From Historical Elora Quarry! (id:23309)
- Address: 281 COLBORNE ST
- Location: CENTRE WELLINGTON
- Ownership: FREEHOLD
- MLS: X4680832
|Recreational, Games room||Lower level||5.64 m x 4.72 m|
|Laundry room||Lower level||3.76 m x 2.41 m|
|Dining room||Main level||3.84 m x 3.73 m|
|Kitchen||Main level||3.84 m x 3.53 m|
|Living room||Main level||3.84 m x 3.35 m|
|Bedroom 2||Second level||3.56 m x 3.23 m|
|Master bedroom||Second level||3.96 m x 3.99 m|
|Bedroom 3||Second level||2.82 m x 3.07 m|
|Bedroom 4||Third level||3.84 m x 3.58 m|
|Family room||Third level||5.56 m x 6.27 m|
Monthly Mortgage Payments
Thinking about buying 281 COLBORNE ST -- lets calculate some 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.
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