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*** Open House Rescheduled to April 5th, at 11 AM-1PM*** Cozy Year-Round Ranch with Deeded Water Access on Gorham Pond! Enjoy the beauty and serenity of Gorham Pond from this charming year-round 1-bedroom, 1-bathroom ranch. Located in the private Lake Gorham Association, this home offers deeded water rights, access to a boat launch, and use of the association park, making it the perfect retreat for nature lovers and water enthusiasts. Step inside to find a warm and inviting living space, featuring an open-concept layout, plenty of natural light, and a functional kitchen and bright living space with gas fireplace. Whether you're enjoying peaceful mornings or spending the day kayaking, fishing, or boating on the pond, this home provides the perfect balance of relaxation and outdoor adventure. With the convenience of year-round living and access to a private lake community, this is a rare opportunity to own an affordable waterfront getaway. Don't miss out—It won't last long! ***Delayed Showing, showing will start from the open house Saturday, April 5th, 2025 at 11 AM- 1 PM.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.649% | 5.764% |
Monthly Tax Payment | $329 | $329 | $329 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,612 | $1,768 | $2,286 |
Total Monthly Payment | $2,016 | $2,172 | $2,690 |
* 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.