Welcome to 50 Newport Drive, located in Locke Lake Colony Association (LLCA); this 4yr young cape with farmer's porch has been so beautifully maintained it'll feel like you're moving in to new construction. While you'll find an open concept kitchen/living/dining area on the first floor with one large primary suite, there's a guest bed and 2nd bathroom as well. The second floor remains completely unfinished ready for you to bring your ideas and expand your living space for whatever your needs may be. In the basement you do have a 1 car garage under, plenty of storage, and a finished living area that's perfect for an office space or gym, but easily could be an overflow sleeping area for guests as well. Members of the LLCA not only have access to Locke Lake, but Halfmoon Lake as well and the 9 beaches located here. There's also 2 marinas - one with a launch, there's 2 outdoor pools, a community lodge perfect for gatherings of all types. There's a baseball field, tennis court, pickleball court, even a 6 hole golf course, that in combination of the miles of all the roads that run in and through the development, whether you want to walk your dog or go for a run; so regardless of your family make up or what your hobbies are there's something here for everyone. Showings begin at the open house on Sunday November 24th from 11am - 1pm.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $422 | $422 | $422 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,102 | $2,100 | $2,709 |
Total Monthly Payment | $2,599 | $2,597 | $3,206 |
* 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.