Originally established in 1900, Beaver Lake emerged as one of Derry's premier recreational destination and continues to hold that distinction today. Among the early cottages built 35 Beaver Lake ave offers potential for an idyllic retreat. Conveniently located just 2 miles from Derry's town center and 13 miles from Manchester, this property provides easy access to both local amenities and city life. The 135-acre lake is a hub for year-round water activities, including fishing, power boating, jet skiing, sailing, water skiing, wakeboarding, kayaking, swimming, and ice skating. Experience the joy of perpetual vacation living with this exceptional lakefront home. This 1 bedroom cottage with deeded beach rights to Beaver Lake. The Seller makes no representation if the home is salvageable. This is an Estate property. Buyer to do their own due diligence. This property is being sold "As-Is", "Where-Is" and "AS SEEN"
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,200 | $199,200 | $199,200 |
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 | $472 | $472 | $472 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,325 | $1,324 | $1,680 |
Total Monthly Payment | $1,872 | $1,871 | $2,227 |
* 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.