Options Galore!! This well maintained property has multiple possibilities to be either a 3-4 Bedroom Single Family Home or you can easily convert a portion of the second floor into a Studio Apartment/In Law suite. The first floor features a good sized Living Room and Family Room as well as a large Eat-In Kitchen with Laundry Area and first floor full Bathroom that was just remodeled. There are two staircases to the second floor the one off the Family Room has been equipped with a Stairlift chair system that can transfer with the sale or it can be removed. The basement offers a large amount of useable space for storage and is in great shape for the age of the home. This property has Multiple heat sources with a large Outdoor Pellet Stove that has been tied into the Oil Burning furnace to assist with Heating the Home and the Hot Water. There is also a smaller pellet stove in the family room with a Battery Back Up. The Driveway is to the left of the home with plenty of space in the back yard for the Large Shed and Parking for Multiple Vehicles.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $207,200 | $207,200 | $207,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $470 | $470 | $470 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,379 | $1,377 | $1,777 |
Total Monthly Payment | $1,924 | $1,922 | $2,322 |
* 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.