Compact, efficient one bedroom condo in desirable Cambridge Co-housing community. This move-in ready unit overlooks the mature landscaped courtyard and has lovely sunlight. Condo fee covers all heat, hot water, a/c and electricity - the extensive solar panel arrays and geothermal system provides much of the electric needs for the complex. The co-housing community has a common living room with Steinway baby grand piano, fireplace, huge kitchen with dining (inside and outside) capabilities, 2 bedrooms for overnight guests, teen and young kids playrooms, a gym, swingset, libraries, storage and an extensive vegetable garden. Did I mention bike and garage parking? The unit is conveniently located between Danehy Park and Porter Square and close to Thistle & Shamrock, a neighborhood store. The unit may be small, but you'll have access to hundreds of additional sq ft of shared living space. Not just a condominium but a community
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William Raveis Mortgage, LLC
Phone: 203.980.8025
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $544,000 | $544,000 | $544,000 |
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 | $76 | $76 | $76 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,665 | $3,616 | $4,588 |
Total Monthly Payment | $3,833 | $3,784 | $4,756 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.