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Two Houses with a 1 car garage. Front cottage is a 2/1 and is 1, 000 sq. ft. There is a back room (with closet) that may be used for a 3rd bedroom. The rear cottage (1/1) is 600 sq. feet. Single car garage with a long driveway. Legal rentals or Use front for primary and use the back cottage for friends/family, home office space, accessory dwelling, rental income, etc. Cottages are separated by a fence. Each have their own yard space and electric utilities with separate meters. Both cottages have their own washer/dryers. Roofs 2016, Central A/C in front cottage 2018, wall unit in rear cottage, Garage door 2017, original windows. Great property with options as to how you want to use it. Don't sleep on this one.
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 16953
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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 | $439,200 | $439,200 | $439,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | $835 | $835 | $835 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,630 | $2,773 | $3,647 |
| Total Monthly Payment | $3,557 | $3,700 | $4,574 |
* 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.