Your retreat at Newfound Lake awaits! This fully furnished unit provides all the flexibility you want with condo ownership. Live here year round and stay toasty in the winter with the woodstove as a secondary heat source, or rent out your unit however you desire. Short term rentals are allowed! Currently set up as an Airbnb property, this makes a seamless transition for any owner investor. Desirable open concept layout complete with a full kitchen, separate dining area, and a large living room. Enjoy your morning coffee on the oversized four-season sunporch with views of Newfound Lake and Cardigan Mountain. Two large bedrooms provide flexible layout options and can easily accommodate everyone. Full bathroom and separate laundry closet complete the interior, all updated with modern furnishings. Private association beach provides a secluded setting for the over 400 feet of sugar sand beach. Day dock for all your summer boating needs, a cabana for beach chair storage, and racks for kayaks and paddleboards. Private tunnel runs under the road for safe access to the beach. Make your lake life dreams a reality!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $299,920 | $299,920 | $299,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.421% | 6.644% |
Monthly Tax Payment | $350 | $350 | $350 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,021 | $2,046 | $2,592 |
Total Monthly Payment | $2,446 | $2,471 | $3,017 |
* 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.