1501 Line 8 Road Unit 223, Niagara On The Lake

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 1501 Line 8 Road Unit 223. The current price of the property is $78,000, 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 $62,400. This would result in a monthly mortgage payment of $365 over a 25-year amortization period.