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This land parcel may present a wonderful opportunity to build a new home in an area of Rutland Town with nicely appointed homes as neighbors. Located within the highly regarded Rutland Town School District where the school mission is to create an engaged learning community by empowering students to learn independently and collaboratively and explore their own passions and choose their own pathways. And Rutland Town offers school choice for high school. The town's recreation area offers an outdoor pool, tennis courts and walking trails. All this in close proximity to Rutland Regional Medical Center, downtown Rutland, Rutland Free Library, area lakes, hiking and several local ski areas. Covenants and deed restrictions apply. Power line easement. Buyers are encouraged to complete their own due diligence regarding the land parcel as to the location of property lines, proposed building, permits, soil testing and anything else in regards to acquisition of the land parcel.
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William Raveis Real Estate
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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 | $23,120 | $23,120 | $23,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $154 | $154 | $198 |
Total Monthly Payment | $229 | $229 | $273 |
* 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.