This 3 bedroom in the village area of South Royalton has great potential. This house currently has a main floor living of 2 bedrooms, 1 3/4 bath, kitchen, DR and LR along with an office space/utility room. On the lower level, there is currently an apartment with a kitchenette, 3/4 bath, LR and space for a bedroom area. Rent out the bottom while living on the main floor. Possibilities for this property include an AirBnB or housing for students at the Law School or someone looking for a starter home. The property does need a new septic system and the waste water permit has already been obtained. Please see documents for information regarding the septic. Price reflects septic estimate which can be done during any month of the year. Tenant occupied.
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NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $176,000 | $176,000 | $176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.893% | 7.171% | 6.538% |
Monthly Tax Payment | $347 | $347 | $347 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,186 | $1,170 | $1,509 |
Total Monthly Payment | $1,608 | $1,592 | $1,931 |
* 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.