Ready to build a Coventry Log Cabin on 21+ acres of land with frontage on the Johns River? The 2000’ long gravel driveway leads to 27' x 37' cement slab ready to start building. It’s perfectly set just 50’ from the river. Enjoy private access to kayak or canoe. Cruise just 6 miles to reach the Connecticut River at the base of Moore Dam. There’s a great spot for fishing or swimming! The Custom Clearwater Design blueprints are included. There's a 24' x 42' Quonset Garage that currently stores the tractor. 2, 000 feet of electrical conduit exists, along the driveway, for underground power. Or just live off the grid! The dug well is installed as well as a State Approved, 4 Bedroom Septic System. On file is the Federal Permit # 17 known as the Dept of the Army General Permits of the State of NH (GPs), the WETLANDS and NON-SITE Specific Permit 2018-02537, the SHORELAND IMPACT PERMIT 2020-01098. All the permitting costs and time consuming work are done! In addition, Horizons Engineering had designed a pond for future construction.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,200 | $239,200 | $239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,612 | $1,590 | $2,017 |
Total Monthly Payment | $1,687 | $1,665 | $2,092 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.