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Welcome to 56 Park Lane located in Mapleroot Village in Coventry. Nestled on a corner lot is a 2 Bed - 2 (Full) Bath unit which boasts a very large outdoor deck overlooking a wooded backdrop. Many recent upgrades include new vinyl siding, flooring, tile floors, upgraded showers in both bathrooms and barn doors for a rustic touch. Replacement windows throughout the unit with a washer/dryer connection available and ready to use. Brand new appliances consisting of a refrigerator, range and above range microwave are included. This unit is close to all amenities and is just a minute away from Rt 95. Mapleroot Village requires a BCI and credit check for any interested buyers. The low HOA fee includes water, septic, weekly trash pickup and plowing in the winter months.
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William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $147,920 | $147,920 | $147,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.894% | 6.936% | 6.006% |
Monthly Tax Payment | $111 | $111 | $111 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $899 | $959 | $1,228 |
Total Monthly Payment | $1,085 | $1,145 | $1,414 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.