Built in 1890 this home is ready to be brought into the modern age. Located on a corner lot in town, with a fenced in yard for privacy and security for pets and children. Fruit trees and perennial plantings and a two bay detached garage add to the curb appeal of the property. Potential abounds with the large size of this home, with over 4000 square feet of total area. At one point in it's history it appears to have been used as a duplex and could be returned to that layout. Hardwood floors, wainscoting and large windows are throughout. The basement and first floor have been rewired, while the second floor still has knob and tube to be updated. One section of the roof will require some attention, while the rest of the roof was redone 10+ years ago. Will not qualify for FHA or VA financing. Come take a look and see if this is the right home for you.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $112,000 | $112,000 | $112,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $278 | $278 | $278 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $755 | $744 | $945 |
Total Monthly Payment | $1,108 | $1,097 | $1,298 |
* 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.