22 VINCENT Circle Tiny Ontario
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Magnificent 2 yr old bungalow w/dbl garage & gorgeous In-law suite offers over 3800 sf finished liv.space. All brick & stone home located in Bluewater Beach area offers incredible Attention To Detail & upgrades galore. Mn Flr offers 1945 sf. w/10 ft ceilings, O/C kit./great rm, 3 bdrms, 2.5 baths & mn flr lndry. Hand scraped hdwd thruout except wet areas. Gourmet kit.,w/ctr island, granite, S/S appls & slider to lg. 12 x 24 rear deck w/iron railings. Great rm w/cathedral ceiling & cozy gas f/place w/granite base, stained mantle & blt-in shelves. Mstr Bdrm w/5 pc. ensuite, glass shwr, sep. jet tub & slider to rear deck. 4 Pc. Mn bath w/dbl sinks & custom travertine. Bright bsmt boasts 9 ft clngs, above grade windows, In-law suite w/2nd kit. & sep. entr. Upscale laminate flrs, 1 bdrm, 3 pc bath(shwr), sep.lndry & huge rec rm -easily convertible to bdrms if needed. 200 Amp Elect. Walk to beach & tennis crts. Municipal water charge $793/yr. (included in taxes stated).
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Tiny -- 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.