HIGHEST AND BEST DUE MONDAY 11/25 AT 12PM. Investors or Owner Occ. This property is registered as a three-family home by the town, but currently, only two units are complete. The third floor maybe able to be finished to create an additional unit. (town approval and permits would need to be investigated) Units 1 and 2 are both spacious 1, 200 sq. ft. apartments with identical layouts, featuring 3 bedrooms and 1 bathroom each. Unit 2 is tenant-occupied. The home also includes a detached two-car garage and is conveniently located near all amenities. Just a 15-minute drive to both Mohegan Sun and Foxwoods casinos! House is across the street from Dunkin Donuts so no need to make your own coffee in the morning. New water line was just installed from the road to the house. There is laundry hookups in unit 1 in one of the bedrooms, unit 2 laundry is in the basement. Inspections for buyer's info only.
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NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
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 | $474 | $474 | $474 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,331 | $1,329 | $1,715 |
Total Monthly Payment | $1,880 | $1,878 | $2,264 |
* 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.