3 room, 1 bedroom spacious unit at Medford's desirable Schoolhouse. Freshly painted unit offers open floor plan, updated kitchen with granite countertops & newer stainless steel appliances. Peninsula overlooks living room with soaring ceilings and schoolhouse windows previously updated with new glass and balanced for easy opening. Updated bathroom. Central air. HVAC replaced 2015. HW Htr 2023. Parking #98 in front of building. Association offers indoor pool and sauna, common patio area w/BBQ, and tennis court. Assigned storage in garage area. Building is adjacent to Chevalier Theater, Steps to Medford Square, restaurants and a newer library. A commuter's dream. Close to major routes of transportation as well as public transp. Fells Reservation and Wrights pond are close by.
Type | Description | Level |
---|---|---|
Kitchen | Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Open Floorplan | First |
Living Room | Flooring - Wall to Wall Carpet | First |
Master Bedroom | Flooring - Wall to Wall Carpet | First |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $387,600 | $387,600 | $387,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $252 | $252 | $252 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,579 | $2,576 | $3,269 |
Total Monthly Payment | $2,906 | $2,903 | $3,596 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.