Reference MLS 3442478. Property discribed pending subdivision completion: Unique waterfront property in Center Moriches, 2. 45 acres, south of Montauk Highway, c. 1880 converted 3 story boarding house with 2 rental units each with BR Bath Kit/LR. Possibility to make third rental unit w/permits and still have a large 3 story home to yourself. Enclosed porch, second open porch. Walk up attic/3 rooms. So many possibilities. Across the creek is county land. Beautiful private views. The property backs onto a fresh water fed creek that leads out to the bay, (evidence of old bulk head), great for boat/kyack. Well/system, corn crib, larger oil tank, new boiler, new 2 sets/2pools each/8ft ring/cesspools, partial basement, crawl space, enclosed porch, 2016 roof, HW floors. Horse property. House, sheds and barn on survey. Possible to subdivided with proper permits. All information deemed reliable but not guaranteed; must be independently verified by buyer.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,999 | $759,999 | $759,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,375 | $1,375 | $1,375 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,256 | $4,618 | $6,260 |
Total Monthly Payment | $5,723 | $6,085 | $7,727 |
* 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.