2. 6+/- ACRES OF OPEN FIELD AND WOODS IN THE VILLAGE OF CONWAY WITH A WELL-BUILT 1950 TRADITIONAL CAPE AND ATTACHED THREE+ CAR GARAGE! Situated at the end of a cul-de-sac on one of the nicest roads in Conway village, this home offers the perfect opportunity for intown living with ease of access to schools, post office, stores, etc. plus the land has development potential. The house features gorgeous hardwood floors in most of the house, new vinyl plank flooring in the mudroom and kitchen areas, original woodwork and solid wood doors, a walk-in attic off the primary bedroom for off-season storage, and a full basement. The garage is perfect for lots of vehicles, a workshop or a "tinkering" space. The house needs an updated kitchen and bathrooms but offers wonderful living spaces and so many special features. Two seasonal porches are perfect for relaxing and enjoying the seasonal view of Mt. Chocorua. The land offers many possibilities from remaining as a large village lot to the development of additional houses. Town water and sewer make the options plentiful. Walk to the elementary and middle school, shopping, library, etc. This is a great property for your family home or for future development.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $511,200 | $511,200 | $511,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $401 | $401 | $401 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,531 | $3,444 | $4,348 |
Total Monthly Payment | $4,024 | $3,937 | $4,841 |
* 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.