Embrace lakeside living! Wake up every day to the stunning sights and tranquil sounds of Rainbow Lake. This charming 4-bedroom home, located on a peaceful dead-end street in the heart of Derry, offers endless potential. The first floor features an inviting eat-in kitchen that opens onto a back deck with breathtaking lake views, a cozy living room, a bathroom, a pantry, and a convenient laundry area. Stay warm in the winter with a pellet stove or the new gas heater. Upstairs, you’ll find four bedrooms. The property boasts ample space to park your camper and sheds to store your lawn tools and fishing gear. Residents can enjoy a private beach complete with docks and a sandy picnic area for a nominal annual fee. Located in the desirable Derry School District, this home is conveniently close to all amenities and offers easy access to routes leading to Boston, the Seacoast, and the White Mountains.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $299,920 | $299,920 | $299,920 |
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 | $587 | $587 | $587 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,021 | $1,993 | $2,529 |
Total Monthly Payment | $2,683 | $2,655 | $3,191 |
* 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.