Location location location! Beach location on the western shore of Wellfleet Harbor with direct access to family friendly Mayo Beach. With breathtaking views of Cape Cod Bay and distant islands, this cottage is a diamond in the rough and will be a real gem with a little love and i imagination. This cottage sits on a ''double'' lot which provides great outdoor space. ''Summer Winds of Wellfleet'' is minutes from the town pier marina, restaurants, artisan shops, the vibrant arts and entertainment scene, and all that the outer Cape has to offer. Being sold AS IS with no guarantees or warranties and may require extensive renovation. Buyer is responsible for all due diligence. Previously zoned as seasonal occupancy, recent changes MAY allow for YEAR ROUND occupancy once it is wintered and connection to town water is completed. Please consult your lender regarding flood insurance requirements.
Type | Dimensions | Level |
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Master Bedroom | 15.0 x 17.0 | First |
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William Raveis Real Estate
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Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $378 | $378 | $378 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,138 | $3,057 | $3,879 |
Total Monthly Payment | $3,608 | $3,527 | $4,349 |
* 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.