NEW CONSTRUCTION- Parson Woods, a new community of 56 free-standing homes set back from Peverly Hill Road just 5 minutes from downtown Portsmouth, minutes from major routes, and an easy drive to beautiful Seacoast beaches. Now offering the final stage of construction! This “Westford” plan offers an open and inviting first floor living space complete with high ceilings, gas fireplace, open kitchen with island and large walk-in pantry. Quaint first floor office with glass French door. Upstairs has a generous primary bedroom suite with two walk-in closets, large bath w double vanity and tile shower. Add'l bedrooms, laundry room and full bath. Professionally landscaped homesites, extensive shrubbery, trees, and plantings, will be serviced by a public city-maintained road. Natural gas, city water and sewer. Enjoy your deck or patio, or take a stroll down the sidewalk lined streets to the two community parks. Extensive open space land surrounding site, and neighborhood connection to Boston Maine rail trail ideal for jogging, dog walking, and biking. Condominium association for landscaping and snow maintenance. NOT an age-restricted community. Photography of similar units.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $980,000 | $980,000 | $980,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,564 | $6,114 | $8,204 |
Total Monthly Payment | $5,689 | $6,239 | $8,329 |
* 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.