OFFER DEADLINE MONDAY 11/12/24 AT 7PM. PLEASE SUBMIT BEST AND FINAL OFFER PRIOR TO DEADLINE. SELLER RESERVES THE RIGHT TO ACCEPT AN OFFER PRIOR TO DEADLINE. Nicely rehabbed 2 family home on dead end street in desirable Milford location walking distance to downtown. This could also be an ideal set up for an in-law apartment or a separate suite for a teenager. The larger space has 3 bedrooms, the 2nd unit is a studio style with it's own bathroom. Features include brand new kitchens, with new cabinets, quartz counter tops and stainless steel appliances. Fresh paint, new vinyl planking, new carpets, new heating system, new windows, spacious yard, separate utilities, farmer's porch and much more. Property will be sold with a Lead Safe Certificate. Finish electrical including light fixtures, switches and outlet covers to be completed at seller's expense in the next few days.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $416 | $416 | $416 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,393 | $3,036 |
Total Monthly Payment | $2,886 | $2,884 | $3,527 |
* 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.