714348 BASELINE RD Flesherton Ontario
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Escape to a beautiful natural setting 8 very private acres backing onto 90 acres of conservation land. There is a 1 acre spring-fed pond, with deck, trout, lots of mature trees, a babbling brook and birds everywhere. The nature reserve is the perfect backdrop for a 1911 farmhouse, which has been completely renovated. With a new addition 2006 includes a 3 car garage. Large wraparound porch and gazebo connects the outside to the inside. Spacious mudroom has washer, dryer and laundry sink and connects directly to the garage. 4 season sunroom with an indoor hot tub, decks to both north and south overlooking the property. Features 4 bedrooms, plus 3rd floor bedroom with sitting area. 4 baths. First time offered for sale, sellers have enjoyed for 27 years.
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Flesherton -- 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.