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Birchbrook Farm is for sale. The owner and her horses are retiring. This farm boasts 3 lots of record totaling over 11 acres, most in current use for lower taxes. The large 8 stall barn has individual turn outs and bright airy stalls. The riding ring has professional footing and is perfect for lessons well into the winter. There are several sheds and outbuildings for storage. The land is a welcoming mix of pasture and woods bordered by stone walls and trees. The antique farmhouse needs work but would be well worth the effort. The current owner has made improvements; the furnace is 2 years old, there is a new well pump, the roof was raised and replaced and there are 10-12 new thermopane windows. This farm is the prefect answer if you are tired of paying board or want to build sweat equity. Sale is subject to seller finding suitable housing.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $311,920 | $311,920 | $311,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $329 | $329 | $329 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,946 | $2,049 | $2,611 |
Total Monthly Payment | $2,350 | $2,453 | $3,015 |
* 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.