Here is your opportunity to curb rising costs with this lovely owner occupied multifamily home with an existing tenant. First unit is a first floor unit with private driveway and garage access. This first floor has 3 bedrooms, full bathroom, kitchen, dining room, and living room. Second unit has a separate 2-car driveway behind house with a private entrance. The second unit occupies the second and third floors. Upstairs you will find 4 bedrooms, bathroom, kitchen, dining room, and living room. Two bedrooms are on the third floor. 1-car attached garage with a bonus unfinished studio above it. Large yard is great for gardening or pets. Close to town yet minutes from I-93. Showings require 24 hour notice and are delayed until after Open House on September 21(10am-2pm) and 22(10am-2pm). Agent is related to Seller.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $263,920 | $263,920 | $263,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $339 | $339 | $339 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,800 | $1,754 | $2,226 |
Total Monthly Payment | $2,214 | $2,168 | $2,640 |
* 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.