31 - 127 ALFRED Street West Thornbury Ontario
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Beautifully updated Applejack condo featuring 3 bedrooms and 2 baths. One of the most spacious and well laid out floor plans in the complex featuring a large open concept main floor kitchen/dining /living area with walk out to a very private back yard and feature gas fireplace. The second floor offers 3 bedrooms including a spacious master overlooking the back yard. A finished basement features a large recreation room with lots of natural light and tons of additional storage. Enjoy the warm summer nights on the large deck overlooking the private back yard with apple trees and seasonal creek. Very well maintained and updated throughout. Don't miss out on one of the best units in Applejack!
Thornbury -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this condo in Thornbury -- lets calculate some mortgage payment options and see if purchasing this condo 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.