104 Horel Road, Salt Spring Island

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 104 Horel Road. The current price of the property is $4,400,000, 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 $3,520,000. This would result in a monthly mortgage payment of $20,575 over a 25-year amortization period.