This lovely, full-dormered Cape in desirable Durham is comfortably sited on a large lot at the end of a cul-de-sac and is set back from the road providing a good measure of privacy. The property abuts conservation land along its rear boundary. According to town records, this is a four-bedroom home. The fourth bedroom is a large space above the garage with its own staircase from the kitchen area. This space can also be accessed from the second floor. It is important to note that this property has privately-owned solar panels allowing the owners to save costs on electrical usage. The solar panels have been affixed to a metal roof installed in 2020. Additionally, there is a wood-burning insert in the living room fireplace providing another source of energy savings. The home has an ambiance of warmth due to the Brazilian cherry floors and subtle paint colors. First-floor layout consists of a front-to-back living room, formal dining room and a mudroom adjacent to the kitchen with an informal dining area. Kitchen is complete with stainless appliances and granite countertop. The large backyard combines relaxation with recreation, making it the perfect spot for outdoor activities. The entire backyard can be viewed from the screened-in porch. Home warranty included.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $544,000 | $544,000 | $544,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.160% |
Monthly Tax Payment | $936 | $936 | $936 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,619 | $3,574 | $4,554 |
Total Monthly Payment | $4,647 | $4,602 | $5,582 |
* 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.