That Dream MOUNTAIN LAKE RETREAT has just arrived! . . . The PERFECT primary or get-a-way residence nestled in charming Melvin Village, NH is awaiting you. This charming 174 year old farmhouse located in Tuftonboro / Melvin Village, NH is just across the street from Lake Winnipesaukee and has been restored to much of its former charm. Enjoy all of the out door activities the region has to offer. . . boating, skiing, hiking, dining, entertainment and so much more. Multiple marinas / launch sites and town beach are just minutes away! The Quality of Life is HIGH and the Taxes are LOW. The property offers many quality updates internally as well as a Tiki Bar / Lounge in the barn for year round fun and entertainment, detached 2 car garage built in 2019 and room for more exciting modifications. Seller welcomes the opportunity to make your dream come true. New 1, 200 gallon septic tank installed.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.159% | 6.276% |
Monthly Tax Payment | $196 | $196 | $196 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,984 | $3,057 | $3,879 |
Total Monthly Payment | $3,272 | $3,345 | $4,167 |
* 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.