Looking for the perfect spot to build your dream home this spring? Look no further! This stunning, level 2. 5-acre lot is ready for you to hit the ground running. The previous owner has already taken care of much of the prep work: an acre has been cleared and stumped for your homesite, power has been brought to the lot, a driveway has been roughed in, and a successful perc test was completed. Plus, a state-approved 4-bedroom septic design is valid until June 2025. Located close to a variety of year-round activities such as skiing, golfing, and shopping, this property is also a nature lover's paradise. Effingham offers endless hiking opportunities with trails through the expansive 2, 200-acre Pine River State Forest, the 1, 000-acre High Watch Preserve, and several other beautiful conservation areas. If you love the outdoors, this is the perfect setting for your forever home.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $68,800 | $68,800 | $68,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $475 | $457 | $580 |
Total Monthly Payment | $550 | $532 | $655 |
* 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.