Located in the New London village district of Otterville, this 1825 quintessential New England "Mill Pond" home has been completely renovated over the last 3 years, bringing it up to modern standards of comfort and maintainability. New: -roof -windows(24) -siding -driveway -heating system -kitchen/appliances -exteriors decks. Floors have been restored to original wide pine and all surfaces freshly painted. Enjoy the sounds of falling water over the Goosehole Pond dam. The property includes 120ft of owned waterfront property along Otter Brook which is a tributary between Little Lake Sunapee and Otter Pond. For those who seek something beyond a cookie-cutter, open-concept floor plan, this home provides 10+ rooms for use as workshops, offices, dressing rooms and crafting rooms with 3-4 bedrooms and a 1st floor primary with a walk-in dressing room. Less than 2 miles from exit 12 on I-89, the property is located on a town maintained road with town sewer. Agent interest.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $527,200 | $527,200 | $527,200 |
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 | $399 | $399 | $399 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,641 | $3,504 | $4,446 |
Total Monthly Payment | $4,132 | $3,995 | $4,937 |
* 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.