Great Investment, perfect 1 bedroom unit conveniently located by Lovely Walnut Hill Park full of out door activities, i. e, Walking, Jogging, Biking, Tennis, Playground, Softball, Baseball, etc. . . Also close to West Main Street / Downtown New Britain, Library, shops, cafes, restaurants, Public transportation, Beauty salons, Medical facilities and Hospital of Central Ct. Formally New Britain General Hospital. This Perfect Pad is currently Rented to the World's best tenant who would love to continue living there if possible. Heat and hot water is included in the very affordable monthly HOA fees. The unit is on the second floor. The association is going to do some work to the building. This is a great opportunity! *Laundry is in basement with the machines owned by the condominium association. ***Special assessment was paid in full by the seller
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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 | $78,400 | $78,400 | $78,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.472% | 6.304% | 5.628% |
| Monthly Tax Payment | $128 | $128 | $128 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $451 | $476 | $635 |
| Total Monthly Payment | $654 | $679 | $838 |
* 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.