This long time recreation lot has a dock and frontage on 234 acre Mountain Brook Reservoir, a well known fishery for small and large mouth bass, perch, and pickerel. Nearyby is Gilmore Pond for swimming. In additional to Mount Monadnack, the area has a wealth of hiking trails. The property has a storage shed with deck, electric hook up, and a platform for a seasonal screen house. An old camping trailer on the site needs to be removed. Currently Jaffrey Code allows a recreational vehicle on site for up to 21 contiguous days, for a maximum of 90 days in a claendar year, unless the Select Board grants an extension. Units must be licensed and ready for highway use. Also, they must have their own self contained sanitary sewage systems. This a "grandfathered" lot , therefore a rare opportunity to enjoy a waterfront getaway for day use and occasional overnight use. Offer deadline of Noon, Monday 10/28
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $23,920 | $23,920 | $23,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $159 | $157 | $202 |
Total Monthly Payment | $234 | $232 | $277 |
* 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.