Possible executive rental, many upgrades to building. Replaced all windows throughout the home with Anderson 400 Series. Replaced decks in the rear of the house with composite decking. Installed vinyl privacy fencing, Pleasant Valley Fence Company. Installed fencing around garbage bins. Unit 1 replaced kitchen flooring with vinal planks, replaced kitchen faucet. Unit 2 Installed Huge Bluestone Patio, replaced boiler, replaced electrical panel, replace front door and added storm door, replaced kitchen cabinets, appliances and fixtures, Induction Range, replaced flooring throughout; vinyl plank on first floor, hardwood in second floor bedrooms, gutted and upgraded bathroom tile, cabinets and fixtures, radiant heat in bathroom tile floor, central vacuum system, all window treatments stay. Basement storage for both units, both units have washer/dryer hookups, unit 2 washer & dryer stay. Four minute walk on path over bridge into Collinsville and bridge over Farmington River. Property abuts the Farmington River.
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $503,200 | $503,200 | $503,200 |
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 | $450 | $450 | $450 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,475 | $3,390 | $4,280 |
Total Monthly Payment | $4,017 | $3,932 | $4,822 |
* 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.