Consult with your lender to see how projected rental income can enhance your loan qualifications, or move your extended family right in to the separate apartment! Discover the charm of Fairwood Parkway and this village home featuring a separate apartment and detached two-car garage on a generous 0. 8acre lot. This property offers versatility and potential rental revenue. The full, unfinished basement with high ceilings is ready to be tailored to your needs. The separate apartment includes a fully equipped kitchen, full bathroom, and generous living space with a bedroom, ideal for guests or rental opportunities. Situated just a minute’s walk from public fields, trails, and forests, this home is adjacent to Peoples Academy property, offering easy access to Morristown schools. Enjoy nearby athletic fields, groomed for cross-country skiing in winter. Downtown Morristown, with its shops and breweries, is just ½ mile away. The home is less than a mile from Copley Hospital and offers a convenient 20-minute commute to Stowe or Montpelier.
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Our Executive Mortgage Banker:
Our Insurance Division:
$512,500
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 | $410,000 | $410,000 | $410,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $548 | $548 | $548 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,797 | $2,725 | $3,488 |
Total Monthly Payment | $3,437 | $3,365 | $4,128 |
* 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.