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Cozy, simple living near beautiful Lake Elmore! This home is perfect for the minimalist who enjoys plenty of fresh air. This 918+/- sq ft home is compact, but is open in a way that lets you forget about the size. With a bedroom and full bath on the main level, accessibility is no problem. Upstairs, you will find an additional large bedroom. The storage sheds in the backyard allow for plenty of storage for outdoor equipment. Situated on the back side of Lake Elmore, it's easy to enjoy all that this tranquil area has to offer. Take long walks along the lake and the trails; picnic at the State Park, enjoy summer bike rides. This property offers the best of indoor/outdoor living!
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Our Executive Mortgage Banker:
Our Insurance Division:
$298,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $238,400 | $238,400 | $238,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $204 | $204 | $204 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,566 | $1,566 | $1,996 |
Total Monthly Payment | $1,845 | $1,845 | $2,275 |
* 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.