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This house is located on 30+ beautiful acres in Cornwall. It has amazing views, especially to the east. The land is lovely with fenced area for animals and another section with a corn field (this will be returned to grass by the farmer for the 26 growing season) The deer are abundant with many herds wandering the land and neighboring fields. The house is well set back from the road and has excellent sun exposure. There is a pond that the seller has used for swimming and also for water for summer pastured cows. There is a garage/shed for exterior storage. The house has a kitchen that is open to the dining room. A bright sunroom and a very pleasant fireplace in the living room. The upstairs has three bedrooms and a full bath. The basement has an office or workshop space that has it's own separate entrance and stone chimney with woodstove. There is a 1/2 bath, a nice Buderus furnace and water softener system. The seller has started the process of subdividing the land into two parcels, one around 5+ acres with the current house and the balance as a future buildable lot with 24+ acres. This has not been fully completed.
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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 | $635,199 | $635,199 | $635,199 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | $924 | $924 | $924 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,757 | $3,911 | $5,148 |
| Total Monthly Payment | $4,773 | $4,927 | $6,164 |
* 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.