3235 QUIET WATERS LANE Waubaushene Ontario
Up to 30 photos available.
A rare opportunity! Well-kept freshly decorated 4 bedroom home with 3 baths, a sunny great room with views to the bay, eat-in kitchen + formal dining room, office or den, lovely mature trees on just under 2 acres. Includes a four season cottage that would make perfect in-law-suite - share the expenses! With 399' of shoreline on the desirable Georgian Bay waterways, this area is known as a rich breeding ground for fish and fowl. Perfect for fishing, canoeing, kayaking. Great property for an at-home business - many possibilities. Formerly operated as a cabin rental business, four cabins remain for Family or Friends) Located just 80 minutes north of the GTA, 20 minutes from Barrie, Orillia, or Midland - worth exploring.
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Waubaushene -- 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.