30 ARCHIBALD Place Southampton Ontario
Up to 29 photos available.
Lots of updates! Great curb appeal with beautiful landscaping with inground sprinklers & stone driveway in a well-sought-after location close to the lake. This year round home or executive cottage offers a flexible floor plan with some recent updates & shows extremely well. The main floor is bright and comfortable, large entry foyer with library/office/den with French doors leading to a lovely white kitchen with a farmhouse sink, large pantry, and peninsula. The kitchen opens to a living room with gas fireplace, dining area and french doors to the deck and large sun room with heated floors and flooded with light. Off the sun room and accessible from the dining room is a covered deck and patio area. Main floor laundry and three piece bathroom. There is a bonus room off the garage area that can be used as a flex space - fifth bedroom, gym, workshop, or office. Upper level master has large en-suite and separate shower and tub plus 3 guest bedrooms and a four piece bathroom.
Southampton -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Southampton -- 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.