Charming Starter Home for First-Time Buyers or Seniors looking to right size β Great East Side Location near Lake Massabesic! Looking for a cozy home to make your own? This affordable gem on the east side of Manchester is perfect for anyone looking to take the leap from renting to homeownership or for folks looking to right size. With great potential and a location just 3 blocks from the shores of Lake Massabesic, it offers the perfect blend of peace and quiet, with convenience to local stores and restaurants. Assessed as One Bedroom, it also includes a den which offers additional bonus space, perfect for a guest room, nursery, or home office. Ideal for Updates β While the home could use updates, it provides a solid foundation for you to make it your own. Imagine the possibilities with a little elbow grease! Definitely an Affordable Alternative β Beats renting or dealing with monthly mobile park fees! Great price point for the area, offering more space and freedom. The internal space is complimented by several storage sheds in the backyard; great for crafting, storing bikes, lawn and snow equipment. Enjoy leisurely strolls along the north side of Lake Massabesic by hopping on the Rockingham Trail for easy access to nature, a picnic at The lake, bike, or hike all the way out to Portsmouth if you wish. Home may not qualify for FHA without a 203K loan, but itβs a fantastic opportunity to build equity. Open House Sunday hte 19th at 1-3PM.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,920 | $279,920 | $279,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $313 | $313 | $313 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,839 | $1,860 | $2,361 |
Total Monthly Payment | $2,227 | $2,248 | $2,749 |
* 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.