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This sweet ranch-style cottage can be your new home or the perfect getaway. It has everything you need to stay there year round. Recently expanded, this home is clean and cozy, ready to move in! The private cottage sits back from the road on almost an acre of level land surrounded by woods. The home has a nice open living room with a Vermont Casting woodstove, open kitchen/dining room, a large bedroom, a second bedroom with a large walk-in closet area, 3/4 bath and a laundry room. The basement is a crawl space with interior access. There is a one car garage. Located in lovely Elkins, a village in New London, not far from beautiful Pleasant Lake with beach and boat ramp. Close to town, stores, nearby golf courses, hospital, college and New London Playhouse. It's waiting for you!!
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$419,000
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 |
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---|---|---|---|
Loan Amount | $335,200 | $335,200 | $335,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $226 | $226 | $226 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,091 | $2,202 | $2,806 |
Total Monthly Payment | $2,392 | $2,503 | $3,107 |
* 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.