Attention builders! This newly approved, and thoughtfully designed residential subdivision, "Copp's Landing", offers an excellent opportunity to bring 23 new single family homes to a picturesque location in the Rochester housing market. With approximately 1, 500 feet of frontage along the Salmon Falls River, as well as a planned trail for access, this will be a premier new development opportunity. These homes will be serviced by public water and sewer. Total existing lot area is 14. 10 acres and will have approximately 60% of open space land, and individual lot sizes ranging between 0. 17 and 0. 23 acres. Copp's Landing will have access points from both Autumn St. and Sandina Dr. Equidistant to the NH seacoast and lakes and mountains regions for recreational enjoyment. Quick access to Rt. 11 & 202 for commuting.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,093 | $3,988 | $5,145 |
Total Monthly Payment | $4,185 | $4,080 | $5,237 |
* 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.