5229 2 SUNNIDALE CON New Lowell Ontario
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Charming rural home in private country setting, w/large detached(20x 38)garage, plus HUGE 36 x 40 WORKSHOP (new, never been used), c/w 2 x 12 ft roll up doors. Conveniently located in New Lowell,close to Angus, Base Borden, Barrie, Stayner & Alliston. Pride of ownership is evident throughout this property!! Charming 1.5 storey home offers 3 bdrms, 1.5 baths, & has been completely & lovingly renovated over the years (detailed list avail.)Incl: windows, doors, shingles, drywall, carpet, Kit. Cabinet doors, hardware, air tight woodstove, septic, oil furnace & tank, electrical, drain tiled foundation, soffits & fascia, plus huge workshop added. Second driveway c/w culvert in place already for access to workshop & extra parking. Original hardwood floors & trim thru out, including under carpet. Adjacent tree farm provides added privacy. Check-out the virtual tour! Dont miss this gem - Call now to book your private viewing!
Monthly Mortgage Payments at 2.34
Thinking about buying this home in New Lowell -- 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.