PART LOT 22 CONCESSION 8, Markdale
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- Listed Since: April 9th 2019
Country building lot on a quiet road. Mostly treed with a building site partially cleared. Across the road from hundreds of acres of trails used for hiking, biking and skiing. (id:23309)
- Address: PART LOT 22 CONCESSION 8
- Location: WEST GREY
- Ownership: FREEHOLD
- MLS: 186485
Monthly Mortgage Payments
Thinking about buying PART LOT 22 CONCESSION 8 -- 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.
The mapping for this listing was provided by Google Maps and if an address could not be determined than an approximation could have been made.
- Beavercrest Community School
101 Main St E Markdale, Ontario, N0C 1H0
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