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At first glance, 106 Church Street is a very special place. It is a combination of history and nature, all in ONE package. Dating back to the 1880's, the home was built by the Johnston family, who have deep connections to Reevesville and neighboring St. George. The current owners are only the third persons to own the property. The town of Reevesville, established in 1793, played a roll as a railroad import/export stop. The railroad, located near 106 Church Street IS part of the world's oldest junction that led from Charleston, SC to Branchville, SC as the country's first scheduled train. With the daily railroad still utilizing the tracks as they transfer goods, sometimes including military cargo, to the ports of Charleston and then return back to the inland stops. Con't under notes sectio
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$470,000
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $376,000 | $376,000 | $376,000 |
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 | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,346 | $2,470 | $3,148 |
Total Monthly Payment | $2,421 | $2,545 | $3,223 |
* 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.