44 ELMA Street South Thornbury Ontario
Up to 30 photos available.
Rich in history and charm, this beautifully maintained century home was one of the original, grand residences in the village of Thornbury. Situated on a stunning, matured treed, & oversized lot which is just a short stroll to downtown and Georgian Bay. The property features a new, beautifully appointed carriage house with office and loft studio, view deck & large workshop (over 1500 sq. ft. of finished space) in addition to the 2-car garage. The home has been lovingly maintained and offers 4 large bedrooms, 2 baths, and spacious principal rooms throughout. Character and beauty throughout with features such as 10 foot ceilings, large windows, and rustic pine flooring throughout. An idyllic backyard, offering total privacy, stunning landscaping, perennial gardens, multiple patios/sitting areas, basketball court, horseshoe pit, mature trees, fire pit, 2 additional outbuildings and much more. Must be seen in person to be truly appreciated.
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.