1139 42 COUNTY RD Stayner Ontario
Up to 11 photos available.
Bright and spacious 3 + 1 raised bungalow in the town of Stayner. Bright and open living room and dining nook, with a large kitchen. 3 bedrooms on the main floor with a full 4pc bath. Fully finished basement, with large rec room with a gas fireplace, and another bedroom with 3 pc ensuite! Attached garage with inside entry and a huge back deck with a new privacy fence to enjoy the outdoors. MANY upgrades in the past year include: Both bathrooms up and down, (partial) kitchen, new carpet downstairs, new water softener, new sludge and sump pumps, new privacy fence, new shingles and gas furnace in fall of 2015! Move in ready
Stayner -- Balanced Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Stayner -- 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.