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Waterfront home on Locke Lake! This wonderful year-round home located in the heart of the Lakes Region is on sale for the first time in 40 years. This lovingly cared for home has 5 bedrooms and 2 baths. The main floor has 2 bedrooms, ½ bath, a kitchen, a dining area, and a spacious living room with plenty of windows to enjoy the view of the lake and the mountains. The main living room has a wood stove inserted into the fireplace for the right ambiance in the fall. The cathedral ceiling in the living room enhances the openness of the room. The lower level has 3 bedrooms, a ¾ bath, and a large family room with sliders off to the patio area. The family room also has a gas stove inserted into the fireplace. Mini-splits take care of the air conditioning in the summer and the heat in the winter. Outdoors, you will enjoy the 99’ of waterfrontage with a beach and a dock, providing views of Prospect Mountain from the lovely wraparound deck. The one-car garage has a full basement below that stores all of the toys. Don’t miss out on this excellent opportunity to own your very own lakefront home in the Lakes Region. (Tax card states a 3 bedroom septic. )
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
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Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $634 | $634 | $634 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,503 | $3,456 | $4,459 |
Total Monthly Payment | $4,229 | $4,182 | $5,185 |
* 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.