This is your chance to earn sweat equity and is a perfect home for those looking for a project. 7 Town Road in Farmington needs some light updates and is perfect for the owner/investor. This large colonial is on public water and public sewer and is ready for someone to bring their imagination to life here. The large yard allows you to have some space to hang out and perhaps make a patio. Inside you have a large kitchen, several large bedrooms and room to add an extra bathroom. The porch is a perfect candidate for a morning cup of coffee or an evening beverage. The fenced in backyard is a great accommodation for anyone with pets. This home is a great place to begin in the up and coming town of Farmington NH. Close to shopping centers, easy commuting location and close to the lakes region and seacoast of New Hampshire! Property is being sold AS-IS. Showings begin immediately via showingtime.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
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 | $295 | $295 | $295 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,482 | $1,462 | $1,855 |
Total Monthly Payment | $1,852 | $1,832 | $2,225 |
* 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.