5853 Road 506, Cloyne

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 5853 Road 506. The current price of the property is $185,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $148,000. This would result in a monthly mortgage payment of $865 over a 25-year amortization period.