11 JONATHAN Crescent Mildmay Ontario
Up to 27 photos available.
1500 sq. ft. bungalow located in a desired subdivision minutes to downtown Mildmay. This 10 year old home is situated on a large lot offering beautiful country views from the covered deck at back of home. The main floor has large spacious rooms including a bright eat-in kitchen with lots of windows, cabinets and counter space, living room, 2 bedrooms, 4pc bath with Jacuzzi tub, laundry/2pc bath. The lower level has a large entertaining rec room with walkout to patio, bedroom, 3pc bath, storage room, cold cellar and utility room. There is an attached double car garage. Taxes are $3751.54 add $1200 for water, sewer, garbage and street lights.
|Bath (# pieces 1-6)||Lower level||3PC 8.7X6.3|
|Recreational, Games room||Lower level||19.3X26.7|
|Utility room||Lower level||13.5X13.10|
|Laundry room||Main level||7X8.7 + 2PC BATH|
|Bath (# pieces 1-6)||Main level||4PC 11.8X9|
|Living room||Main level||16X21|
|Master bedroom||Main level||11.8X14|
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Mildmay -- 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.