WINTER RENTAL: This sweet cottage with lovely views from back deck of the marsh and Saratoga Creek is a short distance to two of Rockport's finest beaches - Cape Hedge and Long Beach. Easy access to train to Boston and Route 128. Beach Bungalow is a one-level rental getaway with an enclosed 3 season sun porch for additional living space. The living room has plenty of comfortable seating. Several rooms are wall-paneled creating a cozy and comfy feel. Off of the living area are two bedrooms, a bathroom with a shower, washer/dryer as well as the compact but very functional kitchen. A door from the kitchen leads to the back deck which is set up with outdoor seating including a dining table and grill with views of the water. Just a short path takes you to the Saratoga Creek Footbridge which leads you to your choice of beaches. Off-street parking for 2 cars in the driveway. No smoking, no pets, no events or parties. Water/sewer, internet, electric are included. Renter pays propane heat
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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 | $1,720 | $1,720 | $1,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $11 | $11 | $15 |
Total Monthly Payment | $86 | $86 | $90 |
* 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.