131 BLUE JAY Crescent Markdale Ontario
Up to 25 photos available.
Beautiful custom home on wonderful 2 acre lot backing onto bush, close to ski hills and upgraded with features everywhere. Open concept layout with kitchen overlooking breakfast nook at back and family room at front of home. Big 13 ft walk in closet and 5pc ensuite in master that has private walkout to rear deck. 9 ft ceilings in big walk out basement. Covered breezeway joins double garage to home. Hardwood floors, ceramic, coffered ceilings etc makes this a truly upgraded home. Thousands of dollars in exclusive rock landscaping and a quiet, private lot.
Markdale -- Balanced Real Estate Market
|Master bedroom||Main level||20X12|
|Kitchen||Main level||15 1/2 X 12|
|Foyer||Main level||8 1/2 X 6|
|Family room||Main level||26X15|
|Dining room||Main level||15 1/2 X 10'9|
|Dining nook||Main level||12X9 BREAKFAST NK|
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Markdale -- 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.