Shovel Ready Project: Pocket Street is 3. 5 acres of prime real estate off High Street, just steps from the local elementary school and abutting the beautiful Monadnock Country Club. Imagine creating homes that blend modern convenience with the timeless charm of Peterborough, a town rich in culture and community. Peterborough, with a population of 6, 500, is known for its vibrant arts scene, including the renowned MacDowell Colony, and a variety of activities for all ages. Its restaurant scene is fantastic, offering diverse dining options that draw both locals and visitors. This charming town is part of the Contoocook Valley School District and its a median age of 51 and a median household income of $98, 000. The average home sales price is $477, 000. Strategically located between Milford and Keene on NH Route 101, Peterborough is just 75 miles from Boston, making it a desirable location for both families and professionals. The New Hampshire Housing Finance Authority projects that Peterborough will need more than 1, 100 new housing units by 2040. Pocket Street is perfectly positioned to meet this growing demand, offering an elegant, gracious courtyard design. These townhouses provide ample room for entertaining, as well as two ensuite bedrooms designed for privacy—a layout that will attract discerning buyers. This is your opportunity to create a legacy in a community that values both tradition and innovation.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,914 | $4,242 | $5,692 |
Total Monthly Payment | $4,006 | $4,334 | $5,784 |
* 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.