This two-bedroom, two-bathroom condominium is situated in a 55+ community conveniently located to commuter routes. This 55+ community offers the 80/20 rule allowing 20% of the residents to be under 55. Upon entering, one is greeted by a living room featuring cathedral ceilings and an open-concept kitchen. The first floor includes a bedroom with an en-suite bathroom and closet, along with updated modern tile flooring with radiant heat, and ample natural light. Ascending the stairs leads to a spacious loft that can serve as an office or den. The expansive primary suite boasts large windows and a generous walk-in closet, complemented by a primary bathroom equipped with an updated walk-in shower. Additionally, there is a storage room at the rear for extra belongings. This residence is further enhanced by a whole-house generator, low-maintenance living, a private patio, a clubhouse, and a walking trail along the Lamprey River, all while providing easy access to shopping, dining, highways, and airports.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $299,200 | $299,200 | $299,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $452 | $452 | $452 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,991 | $1,989 | $2,565 |
Total Monthly Payment | $2,518 | $2,516 | $3,092 |
* 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.