NEW CONSTRUCTION: Birch Place, three new single-family home in an established neighborhood just 1 mile from Downtown Portsmouth. Beginning construction in the fall of 2024, the homes at Birch Place will offer beautiful finishes including hardwood flooring, tile showers, custom kitchens, professional landscaping, and energy efficient construction and will be serviced by city water, sewer, and natural gas. Live entirely on the first floor in the "Balmalcolm" plan. Primary bedroom suite, large laundry room, and home office on the first floor. Kitchen with island open to dining area with bump out bay window, and large great room with vaulted ceiling and gas fireplace. Bright and sunny four-season room is an ideal space to cozy up with a book or entertain guests. Up the hardwood stairs are two additional bedrooms and loft area with full bath. Step out your front door and take a stroll or quick bike ride into market square along sidewalk lined streets, and enjoy easy proximity to daily necessities, dining, shopping, and major routes. Still time to customize at Birch Place! Pictures of similar unit.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,144,000 | $1,144,000 | $1,144,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,406 | $6,951 | $9,423 |
Total Monthly Payment | $6,531 | $7,076 | $9,548 |
* 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.