15 DEBORAH Drive Kincardine Ontario
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This beautifully maintained family home will surprise you with it's spacious living areas and 6 bedrooms! The upper level has an open concept kitchen/family room area with large windows overlooking the yard and Huronville Park and green space. The upper level also has a living room area, dining area and office/sitting area as well as the Master Bedroom with ensuite and two additional bedrooms and 4 piece bathroom. Moving to the lower level you will find a large family room with a woodstove, 3 additional bedrooms, a 3 piece bath and craft room/office. This home has a double interlocking stone driveway and an oversized detached garage/shop. As an added bonus you will find this home in a family-friendly neighbourhood a short 5 minute walk to Boiler Beach. This home is a must see for a growing family!
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Kincardine -- 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.