PRICE IMPROVEMENT!!! Looking for prime real estate in downtown Portsmouth, NH? This unique property featuring two homes offers endless opportunities. The first home located at 10 Dearborn Street is a single-family, cape style home, built in 1982, that includes 2 generous sized bedrooms, 3 bathrooms, a large open concept living/dining area, beautiful hardwood floors, tons of windows that bring in natural light, a wood burning fireplace, large wrap around porch, partially finished basement and best of all, it is located directly on the water! The second property, located at 6A-6B Dearborn Street, is a historical 2-unit multi-family, built in 1830 that has maintained its quintessential colonial charm with its original fireplaces. Occupy the single-family home while renting out the cash flowing multi-family. These properties offer ample parking and are only steps away from all that downtown Portsmouth has to offer. Enjoy summer BBQ’s and Portsmouth city fireworks all summer long on the wrap around porch of the waterfront home which offers the absolute best views. Have the benefit of home ownership, while also generating passive income. Do not let this opportunity to own a little slice of one of Seacoast, NH’s most popular cities. *Both homes must be sold together. *
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,480,000 | $1,480,000 | $1,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,271 | $1,271 | $1,271 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,403 | $9,113 | $12,290 |
Total Monthly Payment | $9,799 | $10,509 | $13,686 |
* 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.