This property presents a fantastic opportunity for investors seeking a well-located asset in a thriving neighborhood. Just minutes from Davis Square, this home is perfectly positioned for access to the Red Line T station, local restaurants, and a lively array of shops. It’s also conveniently close to Tufts University, making it ideal for student housing or rental opportunities for academic professionals!The exterior features custom iron work railings, offering unique curb appeal, while inside, the property is adorned with beautiful antique chandeliers that enhance its classic charm. In addition to its character, the home offers ample closet space, providing practical storage solutions throughout. Whether you’re interested in maintaining its vintage character or updating it to suit modern tastes, this property offers incredible flexibility. With its mix of character, proximity to Tufts and Davis Square, and future possibilities, this property is a rare find in today’s market.
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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 | $1,256,000 | $1,256,000 | $1,256,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,181 | $1,181 | $1,181 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,131 | $7,836 | $10,514 |
Total Monthly Payment | $8,437 | $9,142 | $11,820 |
* 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.