Mortgagee’s Sale AUCTION (listed sale price is the assessed value being used as a place holder and not the auction price) Federal-Style Home with Detached Carriage House Newburyport, MA Tuesday, December 17th at 11: 00 a. m. 209 High Street (Route 113) is a Federal-style home originally built in 1806± offering 5, 454± square feet of living space over three floors. Also situated on this . 48±-acre corner lot at the intersection of Johnson and High Streets is a detached 1, 896± square foot carriage house. This property is currently under renovation and is being converted into three residential condominium units. Map 37, Lot 13. Inspection: One hour prior to the auction, if permitted. Terms: Twenty-five thousand-dollar ($25, 000. 00) deposit in cash or certified check, made payable to Paul McInnis LLC Escrow deemed acceptable to mortgagee or agent of the mortgagee at time and place of sale. Balance due at closing within thirty (30) days of sale. Subject to all terms of mortgagee’s notice of sale. Delayed showing 12/17
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $851,040 | $851,040 | $851,040 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $884 | $884 | $884 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,832 | $5,309 | $7,124 |
Total Monthly Payment | $5,841 | $6,318 | $8,133 |
* 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.