50 6TH Avenue West Owen Sound Ontario
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Executive 4 bedroom, 4 bathroom home in an area of fine houses. This home has a large lot that backs onto the escarpment, providing a private and fenced rear yard. Definitely must be seen. It has an open concept kitchen with new backsplash, and living area with vaulted ceiling and large windows surrounding the natural gas fireplace. There is a large entrance with hardwood floors throughout. The large kitchen has cherry cupboards, Corian countertops, dishwasher, side-by-side fridge and double-oven with convection. There is a main floor master bedroom with his-and-hers walk-in closet and ensuite bath. Main floor laundry. Upstairs are 2 additional bedrooms and office. The lower level is finished and has 4th bedroom and a three piece bathroom. This property is beautifully landscaped and includes a large rear sundeck, motorized awning, hot tub and storage shed. Showings by appointment only, please allow 24 hours notice.
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.