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Kayak season is here for you and your family to enjoy Upper Suncook Lake, Water Access Cottage with a brand new state-approved 2-bedroom septic system installed in 2024. The beach access is located at the end of the nearby Fire Lane and just a 3 minute walk from the cottage. Enter through the front screen porch. Features include a large master bedroom, and an open concept kitchen and dining area. There is a living room off the kitchen, with a door opening onto a back deck and stairs leading to the back yard. There is plenty of storage space under the cottage with 3'-5' of headroom. Enjoy the shared private sandy beach and swim area with great summer sunsets. You have an 18' deeded 'right-of-way' on the Fire Lane to walk to the sandy beach area. There is no current water supply to the cottage from the dug well. The new approved septic plan, shows the location for a drilled-well. The Buyer would assume all expenses to secure a well-drilling company to drill the well, to have a well pump and pressure tank installed and for any plumbing services, including connecting the water supply to the cottage. The property is being sold in 'As Is' condition including furnishings. Sign on Property!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $175,600 | $175,600 | $175,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.906% | 7.025% | 6.026% |
Monthly Tax Payment | $185 | $185 | $185 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,067 | $1,154 | $1,458 |
Total Monthly Payment | $1,326 | $1,413 | $1,717 |
* 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.