This 11. 72 acre parcel is an excellent investment opportunity. with frontage on a paved town road with town water on the street. 2/3 of the land is zoned Village district which allows for 1/2 acre lots with 100' of frontage. The remainder is zoned rural which 2 acres and 200' of frontage. The frontage runs along two roads and borders on a cul-de-sac. Lightly wooded with natural openings provides mountain views and overlooks Powder Mill Pond a dammed portion of the Contoocook River. Outcroppings of sand show good draining soil for building. Easy access to Rte 202 for communing to Keene, Concord or Manchester. A nearby ski area, plus thousands of conservation acres nearby provide trails for hiking, biking, fishing and all types of recreation. Buyer to do their own due diligence on subdivision possibilities. Land is in current use.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $156,000 | $156,000 | $156,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,051 | $1,037 | $1,316 |
Total Monthly Payment | $1,126 | $1,112 | $1,391 |
* 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.