605 CREEKWOOD Drive Southampton Ontario
Up to 30 photos available.
Executive style home located in desirable Creekwood area. This 1 1/2 storey all brick home, backs onto the ravine, features an impressive 8'x18' foyer with marble floors & 10' ceiling, eat-in kitchen with granite countertops, marble floors, and abundance of cabinetry. Massive family room with vaulted ceiling and hardwood floors, formal dining room has 10' ceiling and a bonus butler pantry. Decorative pan ceilings in den, master bedroom and eating area have indirect mood lighting. Master bedroom suite has walk-in closet & 5pc bath with unique door-less shower, corner Jacuzzi tub plus a wall mounted fireplace. The 2nd & 3rd bedrooms have their own 4pc bath & also includes the laundry area and garage entrance. Open staircase to the 2nd floor lounge area, w/4th bedroom or office above the double car garage. There are 2 stairways to the basement which boasts, potential 3000 sq. ft. of living space, w/RI bath, huge rec room, cold room, large shop. There is also a rough in for an elevator.
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.