Welcome to this spacious two-bedroom condo in Canal Place 1, where modern comfort meets exceptional convenience. The newly updated galley kitchen boasts white cabinets and new stainless-steel appliances, making it ideal for any home chef. The open-concept living and dining area is perfect for entertaining. On the first floor, you'll find a half bath and ample closet space. Upstairs, the two beautiful bedrooms are adorned with new plush carpeting and filled with natural light. The main bedroom features a walk-in closet. A full bath and a separate laundry area with included washer and dryer are also located on the second floor. At the top of the stairs, there's an open space perfect for an office. Many local shops and restaurants are within walking distance, and attractions like Tsongas Arena, Spinners baseball stadium, and Lowell Memorial Auditorium are nearby. With easy access to the commuter rail and major highways, this condo is ideally situated. It includes one assigned parking
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Closet, Flooring - Wall to Wall Carpet | 20.0 x 9.0 | Second |
Dining Room | Flooring - Vinyl | 11.0 x 13.0 | Main,First |
Kitchen | Flooring - Vinyl | 15.0 x 6.0 | Main,First |
Living Room | Flooring - Vinyl, Cable Hookup, Open Floorplan | 12.0 x 19.0 | Main,First |
Master Bedroom | Walk-In Closet(s), Flooring - Wall to Wall Carpet | 20.0 x 9.0 | Second |
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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 | $279,110 | $279,110 | $279,110 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $331 | $331 | $331 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,928 | $1,855 | $2,354 |
Total Monthly Payment | $2,334 | $2,261 | $2,760 |
* 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.