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Mowry Hill Commons - NEW CONSTRUCTION - Available For Sale - Versatile & modern flex space commercial condo units offering a diverse range of business opportunities. These brand new spacious heated & cooled 1250 sf units equipped with a 1/2 bath are ideal for a variety of trades, business owners, commercial warehousing, motor vehicle storage, electricians, plumbers, general contractors, and more. Desirably located off the highly traveled Rt. 116 / Rt. 7 with excellent proximity to restaurants, shopping, fuel stations, hotels, major highways Rt. 295 / Rt. 95, making it an easy commute to nearby MA & CT. Open architecture will allow early purchasers the flexibility for requesting additional space / combination of multiple units. These units are to be built with a tentative completion date of late summer 2025, tax information is currently unavailable. Please note, picture of the building is a rendering of the front structure and the listing is for units located in the rear of the building. Contact us today for complete details and to reserve your commercial condo unit at Mowry Hill Commons!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $319,200 | $319,200 | $319,200 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,018 | $2,097 | $2,672 |
Total Monthly Payment | $2,093 | $2,172 | $2,747 |
* 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.