NEW CONSTRUCTION: Birch Place, three new single-family homes in an established neighborhood just 1 mile from Downtown Portsmouth. Beginning construction in the fall of 2024, the homes at Birch Place will offer beautiful finishes including hardwood flooring, tile showers, custom kitchens, professional landscaping, and energy efficient construction and will be serviced by city water, sewer and natural gas. The "Sweet Cherry Pie" is a four bedroom home, with open living and study on the first floor. Great mud area at owner garage entry, with coat closet and space for cubbies/bench. Kitchen flows in to open dining area and spacious living room with gas fireplace. The 17 x 22 second floor primary master suite has space for a sitting area, plus two walk-in-closets and large bath. Three additional generously sized bedrooms, full bath, laundry, and plenty of closet space. Step out of your front door and take a stroll or quick bike ride into market square along sidewalk lined streets, and enjoy easy proximity to daily necessities, dining, shopping and major routes. Still time to customize your home at Birch Place! Pictures of Similar Home.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,092,000 | $1,092,000 | $1,092,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,373 | $6,902 | $9,215 |
Total Monthly Payment | $6,498 | $7,027 | $9,340 |
* 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.