Built in 2005, this energy efficient, well-cared for affordable home has 1, 176 square feet of living space on 2 floors, with 3 bedrooms and full bathroom on the second floor, and open living, dining, kitchen and half bath on the first floor. A finished basement provides extra storage space and washer and dryer hookups. Additional features and improvements include: broadband internet and TV available; bamboo hardwood floors and oak kitchen cabinetry; hearth and chimney for wood stove hookup; new well pump, well tank, and indirect hot water heater; and hard-wired for back-up generator hook up. This is a deed-restricted property, which means the home will be sold at a reduced price to an eligible homebuyer through a first-come, first-served application process. Please go to the Franklin County Regional Housing and Redevelopment Authority's website for more information on eligibility and how to apply.
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$231,646
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $185,317 | $185,317 | $185,317 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $358 | $358 | $358 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,280 | $1,249 | $1,576 |
Total Monthly Payment | $1,713 | $1,682 | $2,009 |
* 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.