Welcome to 8 Highland Ridge, a spacious 3-bedroom, 2. 5-bath condominium nestled in the heart of New London. This home offers the perfect blend of comfort and potential. The first-floor primary suite features direct access to a newer deck, where you can take in westerly views and breathtaking sunsets. The open-concept living and dining area is enhanced by cathedral ceilings and wood burning fireplace, creating an airy, light-filled space perfect for gatherings. There is a spacious eat-in kitchen and a family room with custom built-ins add to the home’s charm and functionality. Upstairs, the second floor offers two generously sized bedrooms and a full bath, ideal for your guests. Additional highlights include a two-car attached garage with direct entry and storage above, a small cedar closet, a charming brick walkway, and the convenience of being just minutes from New London’s shops, dining, and recreation. While this home needs updating, it offers incredible potential for those ready to make it their own. Don’t miss the opportunity to enjoy tranquil living in this desirable community.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $470 | $470 | $470 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,022 | $3,022 | $3,851 |
Total Monthly Payment | $3,584 | $3,584 | $4,413 |
* 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.