Welcome to the beautiful Town of Rye. This is an opportunity to buy a property in Rye 1. 5 miles from the beach. Difficult to find, this single family, one level home offers an attached ADU. This property consists of a 3 bd, 1 ba ranch with a kitchen, dining room, and large fireplace living room with hardwood flooring running through out dining area and bedrooms. Connected through a one car garage is another ranch style dwelling offering 2 bd, 2 ba, open living/dining, and separate kitchen, this was added approximately in 2003 according to approved plans and offers central AC. Both spaces offer a deck and a full basement. Each living space has separate utilities, it's own private septic, and Town Water. This property sits on a large, level . 83 acres, just 1. 5 miles to Jenness Beach and about 6 miles to Downtown Portsmouth. Lots of possibilities with this single level property for extended family, an in-law situation, or extra income to help with the mortgage.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,720 | $716,720 | $716,720 |
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 | $531 | $531 | $531 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,013 | $4,355 | $5,904 |
Total Monthly Payment | $4,636 | $4,978 | $6,527 |
* 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.