260 6TH Street East Owen Sound Ontario
Up to 30 photos available.
Absolutely fabulous century home with a tranquil backyard! 5 bedrooms (or 4+ office) home, 1&1/2 bathrooms. Character abounds in this classic home. Bright, stunning kitchen with island and office nook. Cozy up by the gas fireplace in the den. Beautifully landscaped backyard and front yard- complete with pond and fabulous garage/workshop. Newer windows, upgraded insulation in the attic, spray foamed basement. Parking for car in front or paved driveway to garage in back. This fabulous family home has been loved for many years by current owners. Don't miss your chance! No conveyance of any written signed offers prior to 3 p.m. on the 20th day of May 2017.
Owen Sound -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Owen Sound -- 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.