2324 11 SOUTH HIGHWAY, Shanty Bay
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- Listed Since: May 17th 2018
Attention first time home buyers! Bright open concept 3 bedroom bungalow located on a large 79.5'x200' treed lot conveniently located minutes away from RVH, Georgian College & all the amenities at North Barrie Crossing. Modern white eat in kitchen with laminate floors & stainless steel appliances. Living room with patio door walkout to large deck and interlock patio with fire pit. Newly updated water and heating systems!!! Shingles approximately 2 1/2 years old. Detached double garage and loads of parking. Great location just minutes from Barrie, amenities, schools and year-round outdoor recreation including golfing, skiing and boating. (id:23309)
- Address: 2324 11 SOUTH HIGHWAY
- Location: ORO-MEDONTE
- Ownership: FREEHOLD
- MLS: 126294
|Living room||Ground level||18' 5'' x 11' 10''|
|Master bedroom||Ground level||11' 10'' x 11' ''|
|Eat in kitchen||Ground level||14' 9'' x 10' 4''|
|Bedroom||Ground level||9' 11'' x 9' 8''|
|Bedroom||Ground level||9' 11'' x 10' 9''|
|Foyer||Ground level||5' 8'' x 5' 8''|
|Other||Ground level||7' 9'' x 9' 7''|
Monthly Mortgage Payments
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- 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.
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