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Building lot ready to go - Site plan available, Septic approved, Wetlands approval in place. Present plan shows home set back about 360 ft from road with 500 ft long driveway. Please see the following from seller for reducing the cost of construction of the driveway - "However, both also stated that a lot of the fill could be brought from the septic area and house location or really, any other place on the hill as just about anywhere that is mostly white pine is all suitable fill anyway. According to them (and Normand at Killingly Engineering), using the land's existing fill would greatly reduce that cost. " Present home site shown at about 20ft higher than paved Breakneck Hill Road. Private wooded setting in East Killingly. Buyer and buyers' agent to do due diligence to verify status of approvals. Sign is posted about 20 feet from proposed driveway. Do not try to use the driveway at 320 Breakneck Hill Road which is about 1100 ft south of the real estate sign.
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Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $143,920 | $143,920 | $143,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $806 | $862 | $1,157 |
| Total Monthly Payment | $881 | $937 | $1,232 |
* 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.