Welcome to Fownes Mill Court on the Cocheco River! This three story condo has two bedrooms and 1. 5 bathrooms. Walk up the first flight of stairs from the garage, entry way and utility room with washer dryer hookups to the first floor of living. It opens up to the beautiful eat-in kitchen, dining, half bath and living on the first level. The sliders to the patio are in the dining area that open to a cozy outdoor spot with privacy. Up the second flight of stairs are your spacious bedrooms, with the primary boasting high ceilings and large windows with views of the river. What a beautiful area all overlooking the Cocheco River. Low condo fees include landscaping & plowing. The condo is walking distance to historic downtown Rochester, on a quiet dead end street, close to shopping, wonderful local eateries, the Lakes Region, the Seacoast and all the wonderful things that New Hampshire has to offer. Come take a peek. . . . . . . . . at this amazing condo and all that it has to offer!! Will most likely need to be cash or portfolio loan.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | $433 | $433 | $433 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,839 | $1,861 | $2,382 |
Total Monthly Payment | $2,347 | $2,369 | $2,890 |
* 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.