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This gently sloping lot in Gunstock Acres presents a compelling opportunity for a new home, with potential views of Gunstock Mountain. It's location and sought-after neighborhood offers convenient access to a range of recreational amenities, including proximity to Gunstock Mountain Resort. The option to acquire membership in the Gunstock Acres Beach Trust provides access to private facilities such as tennis and basketball courts, a ball field, a bathhouse, sandy beach, day docks, kayak racks, and a mooring field on Lake Winnipesaukee. Furthermore, residents benefit from access to the town beach and Glendale docks, which include a playground, bathhouse, snack bar, grills, and picnic tables. The seller has secured a septic design and approval for a 3-bedroom residence, facilitating a potential spring construction timeline.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $118,720 | $118,720 | $118,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $750 | $780 | $994 |
Total Monthly Payment | $825 | $855 | $1,069 |
* 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.