19 VILLAGE GATE Drive Wasaga Beach Ontario
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Beautiful home with many upgrades in New England Village. 1665 sqft 3 Bed 4 Bath w/fully finished basement. Spacious main floor master w/ensuite & walk in shower & soaker tub. Fabulous kitchen featuring Granite countertops & custom glass backsplash in modern neutral décor. Stainless Steel appliances incl. Hardwood throughout. Upper level has 2 good sized bedrooms, full bath & loft family room. Private fenced deck area at rear entrance. Main Floor laundry/mudroom w/inside entry from single car garage. Lower level features a large Rec-Room w/4pc bath, additional Den or Bedroom. Lots of storage in bonus Cold Room & Utility-Room. Located at the East entrance to town, close to shopping, entertainment & the Beach. Short distance to highway & Barrie.
Wasaga Beach -- Seller’s Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this condo in Wasaga Beach -- 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.