35604 THE BLUE MOUNTAINS-EUPHRASIA TOWN Thornbury Ontario
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Beautifully restored 1877 Victorian Farm House set back from a scenic road on 100 breathtaking acres. Designer gourmet kitchen with granite countertops, stunning 25 x 20 British style Conservatory, imported tile and slate heated floors, 4 Bedrooms,10 ft ceilings, stone fireplace, Jotul wood stove, main floor laundry room, spacious tiled mud room. Geothermal heating with air and in-floor systems. Inviting wrap around stone patio on 3 levels with water falls and garden pond, 1.5 acre spring fed trout pond; 25 feet deep, 5 acre organic apple orchard, private conservation area. Also includes 2,200ft of the Mill Creek and a 40 x 80 drive shed. Truly a private paradise yet all within a short drive of area ski resorts, golf courses, Georgian Bay and all that the town of Thornbury and Collingwood have to offer.
Thornbury -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Thornbury -- 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.