Merrimack's newest luxury neighborhood, Chestnut Hill. Built by Gateway Homes, this home will feature a hardwood floors, primary suite with walk-in closet and attached bathroom. There is a 16x22 living room with vaulted ceiling. There will be a full walk out basement. This home has many amenities including pantry, laundry room, central air conditioning, covered porch and open concept kitchen/eating area. Walking distance to town owned trails and fields. This neighborhood is minutes to exit11 off Rt. Local to the area is plenty of restaurants, such as Buckley's Haywards, Tucker's, Thirsty moose Some local grocery stores include Market basket, shaw's, Wholefoods and Aldi as well as many local butchers and farm stands. Pictures this home style recently built by this builder. This home is to bee
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,316 | $4,669 | $6,271 |
Total Monthly Payment | $4,408 | $4,761 | $6,363 |
* 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.