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Finally, a reasonably priced home in Stratford for anyone who is looking for a centrally located home that offers two bedrooms, Central Air, Newer Thermopane windows, hardwood floors, Butcher block counters, facade brick back splash, Newer refrigerator, sink, stove, all replaced in 2021, Chimney liner replaced in Nov 2024, full bath with newer shower and newer Vanity. Roof was replaced in 2020. An Energy Audit was performed in on Oct 10th 2024 resulting in added insulation, weather stripping and caulking saving those precious energy dollars. Reserved off street parking space, HOA charges cover, Taxes, Structure, Roof, Siding, Snow Removal, Trash Collection, and Water. Stonybrook Gardens is owner occupied. Buyers must provide $25, 000. 00 additional dwelling insurance coverage. Minimum Credit score of 650 and must have minimum monthly income of $3, 500. 00. Debit to income ratio can't be greater than 36 per cent. All buyers must be interviewed by the COOP board of directors and give a $100. 00 application to association.
Type | Level |
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Bedroom 1 | Main |
Kitchen | Main |
Living Room | Main |
Living Room | Main |
Primary Bedroom | Main |
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William Raveis Real Estate
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Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $96,000 | $96,000 | $96,000 |
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% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $607 | $631 | $804 |
Total Monthly Payment | $682 | $706 | $879 |
* 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.