Meredith, NH is often recognized as one of the top 10 small towns in the country. If you know Meredith, NH you understand what a gem this town is with all that it offers. Well, here is a great opportunity to live within walking distance to downtown yet located on a quiet road. This property is so beautiful when you come to view it, you will fall in love. Whether you're seeking a primary home or second home to ger away to, this home and location is unparalleled. Imagine living steps from Lake Waukewan, with downtown amenities like coffee shops and bookstores at your fingertips. Meticulously maintained, 25 Red Gate Lane boasts ample space for large parties, ensuring accommodation is never an issue. For many years this has been run as a B & B and you will see that the inn and the owners quarters are separated nicely with two kitchens, two heating systems, their own entrances and more. They presently share the electric service and the washer/dryer however that can be separated easily. As you have heard many times when discussing real estate, the location is the most important factor, this location is awesome. If you like to walk for exercise, the Red Gate/Water Street loop offers challenge and length for you to achieve all you want on your walk. If this is exciting for you, let's discuss so you don't miss out on this incredible value.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
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 | $647 | $647 | $647 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,197 | $4,540 | $6,098 |
Total Monthly Payment | $4,936 | $5,279 | $6,837 |
* 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.