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Price improvement on Locke Lake colony home. The front of the home offers a panoramic view of the waterfront and sandy beach, and inground pool. Full year fun with snowmobiling winter and lake front summers. Locke Lake Colony offers rights to Locke Lake and Halfmoon Lake as well as 2 inground pools, 6 hole golf, tennis/pickleball, club house and lots of recreation. Enjoy the full wall of glass with the wrap around deck allows for great sunsets and its always sunny and warm inside. The house features an enlarged screened in porch across the road from the community center where colony members gather for cards, classes and functions. amazing any time of the day. The kitchen with its open floor plan allows for a bright airy feel anytime of the day with picturesque views of the lake , two bedroom downstairs , a cheerful office and a full bath. The primary bath, located upstairs with its private balcony, can easily convert it into owner's quarters to help supplement the mortgage or Airbnb. Whichever you prefer. This home will allow you the feel of waterfront without the waterfront taxes, however you may choose to update the interior to your own fixes and decor.
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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 | $359,920 | $359,920 | $359,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $454 | $454 | $454 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,156 | $2,273 | $2,965 |
| Total Monthly Payment | $2,685 | $2,802 | $3,494 |
* 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.