0. 1 mile away from Nahant Beach and easy access to the Lynnway, this one-bedroom condo offers a coastal living experience. Situated in a 6-unit building that is part of a larger association (29 units in total), professionally managed, this condo offers comfort and convenience at an affordable price. The building is equipped with individual gas meters and assigned locked storage in the basement for storing belongings. Laundry facilities are available for occupants in the main building. Commuter Rail to Boston is approximately 0. 7 miles away. This is an Estate Sale. The Personal Representative as Seller makes no representations or warranties as to the condition or use of the property and will not be liable for any representations made by any other person, agent, or assignee as it relates to the sale or condition the property. The sale is contingent upon the conditions outlined in the Seller’s Fiduciary Sale Addendum. Offers presented as received to be valid through April 26th.
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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 | $183,920 | $183,920 | $183,920 |
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 | $190 | $190 | $190 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,208 | $1,222 | $1,551 |
Total Monthly Payment | $1,473 | $1,487 | $1,816 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.