Brand new twin dormered log home. Main level & loft are completed. Lower level is framed & wired, and lower bath w/ shower is set with rough plumbing completed for toilet, vanity & laundry. The lower level is studded and ready for wall finish & flooring. Price will increase as further completion items occur or buyer can assume the finish work and save. The current list price reflects a significant discount to buyers wanting to finish the lower level themselves. This home checks all the boxes for superb vacation living. . . Perched on a knoll with winter views of the lake and located on the quiet side of the lake, this open concept floor plan offers spacious feel with beautiful huge loft / bedroom. Enjoy the porch off the kitchen for grilling and a view of forest. A 27' porch on the front of the cabin is a great place to hang out with views of the second lot with plenty of room for guests. A tastefully designed kitchen features a beautiful granite top and plenty of cabinets along with a gas range with a griddle top fifth burner. Enjoy a shower or an Air Bubble Soaking bath in this upscale bathroom. Includes hot tub with a reasonable offer. A completed shed is included for your tools, toys or workshop. Lower level completion date by March 1, 2025.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $303,920 | $303,920 | $303,920 |
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 | $474 | $474 | $474 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,048 | $2,020 | $2,563 |
Total Monthly Payment | $2,597 | $2,569 | $3,112 |
* 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.