SAVE thousands of dollars per year on interest! This Seller has an assumable FHA loan under 3% on this property! Special Financing Opportunity for the lucky purchaser. This beautiful 2 bedroom 2 bathroom home was built to maximize the unobstructed views of the ocean! Located across from the private association beach, every day feels like a vacation. Four sets of sliders lead to an oversized deck that is perfect for gatherings or simply allowing the summer breezes to captivate each room. The original owner installed oversized windows, sky lights and angled windows to capture every bit of light available in the desirable beach community of Harbor Beach! And if that is not enough, you can relax on the roof deck with 270 degree views of the ocean! The wood burning stove is perfect for snuggling on those cold winter nights, while still enjoying the water views. You will fall in love with the stunning wide-planked pine floors and chunky wood beams throughout. Come live your best life!
Type | Description | Level |
---|---|---|
Bedroom 2 | Closet, Flooring - Hardwood, Balcony / Deck, Exterior Access | First |
Bedroom 3 | Closet, Flooring - Hardwood, Balcony / Deck, Exterior Access | First |
Dining Room | Flooring - Hardwood, Open Floorplan | First |
Kitchen | Flooring - Hardwood | First |
Living Room | Skylight, Cathedral Ceiling(s), Beamed Ceilings, Vaulted Ceiling(s), Flooring - Hardwood, Balcony / Deck, Open Floorplan | First |
Master Bedroom | Beamed Ceilings, Vaulted Ceiling(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture | Second |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,999 | $799,999 | $799,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $784 | $784 | $784 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,669 | $5,057 | $6,751 |
Total Monthly Payment | $5,545 | $5,933 | $7,627 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.