Nestled in the 23-home, Hermit Cove Community Association, this sun-filled ranch-style home offers idyllic year-round living. The community boasts access to docking with a short waitlist, a pristine community beach with a newly established perched beach and a covered pavilion, alongside tranquil, private waterfront ideal for paddle boarding and kayaking. This low-maintenance home features two bedrooms, one bathroom, and an additional bonus room—perfect for extra sleeping space. The open floor plan seamlessly connects living spaces, while a cozy wood-burning fireplace enhances the ambiance during the cooler months. The temperature-controlled basement presents ample opportunity for expansion, and energy-efficient mini splits ensure modern heating and cooling throughout. Outside, an expansive front deck and newly added gravel landscaping invite relaxation and outdoor enjoyment. Positioned near snowmobile trails for winter recreation, and close to the town boat launch for easy lake access, this home is ideally situated for both car and boat travel. Nearby, JoJo's country store, renowned for its famous subs, and walking trails along the main road offer convenient leisure activities. This property is a perfect blend of comfort and convenience, ideal for those looking to enjoy both active and relaxed lifestyles.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | $195 | $195 | $195 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,723 | $2,653 | $3,369 |
Total Monthly Payment | $2,992 | $2,922 | $3,638 |
* 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.