384037 DAWSON RD Kemble Ontario
Up to 30 photos available.
This beautiful 5 bedroom home with an in-ground pool and hot tub on 2 country acres has it all! Some of the features include: custom cabinets in the main entrance, sunroom, 2 gas fireplaces, french doors to a two tier deck with a new vinyl railing, new kitchen (5 years ago), updated bathrooms, some new flooring, granite counter tops in the large laundry room and has granny suite potential. Other updates include new furnace (2013), geothermal (2014), steel roof (being completed now), new shingles (2015) on the 40'x28' detached, heated garage/workshop/studio suitable for a home based business and some new windows. This home is located just past Cobble Beach and it is only minutes from Owen Sound just steps to the ATV and snowmobile trails. End of the road is the walking trail
Kemble -- Balanced Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Kemble -- 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.