Nestled on a spacious corner lot in Milan, this five-bedroom, three-bath home is an ideal vacation getaway or year-round residence. With a large kitchen perfect for gatherings, a sun porch for relaxation, and two decks, there’s plenty of space to spread out and unwind. The separate one-bedroom, one-bath apartment provides privacy and incredible views of the mountains, making it ideal for extended family or guests. Outside, the patio and spacious two-car garage add versatility, with a convenient drive-through design for snowmobiles. Situated in the heart of The Great North Woods, outdoor enthusiasts will appreciate the proximity to the river, ATV and snowmobile trails, and abundant recreational opportunities, from fishing and hunting to kayaking and cross-country skiing. Conveniently close to the town hall, school, post office, and local amenities, this property seamlessly blends tranquility with accessibility. Come explore this unique home and experience the charm of Milan’s welcoming community.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $400,000 | $400,000 | $400,000 |
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 | $498 | $498 | $498 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,430 |
Total Monthly Payment | $3,251 | $3,249 | $4,020 |
* 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.