78 BRUCE Street South Thornbury Ontario
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Once in a lifetime a property comes along that is as rare as it is magnificent. Enjoy warm summer evenings watching the world go by on your spacious wrap-around verandah. You will be awe-struck by the attention to detail in this early 1900s century home that boasts many historic features such as stained glass, original hardwood flrs, robust pocket doors & decorative Victorian trim, while offering all the modern conveniences that a busy lifestyle requires. The main floor incl. a formal living rm, separate dining rm, family rm, Corinthian kitchen, 2 bathrooms & office/den, while the 2nd floor is home to 4 generous bdrms incl. a lg. master w/ensuite. The 3rd level features 2 add. bdrms & an automated remote control skylight. This spectacular Grand Old Dame on Bruce St. has too many features to list. Book your showing today & experience old world charm in the heart of downtown Thornbury.
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.