Grafton lottery at Fisherville Terrace

A private developer, Fisherville Terrace, LLC and officials of the Town of Grafton have collaborated to provide this affordable housing opportunity in Grafton. The development is situated on approximately 25-acres of land off of 119 Main Street in Grafton.

The next section of this development consists of 5 duplex buildings containing 10 units. There will be 4 units designated as affordable. The initial sales price is $238,600 for the affordable units and the estimated Condominium Association fee will be $95 monthly.

The homes that will be built will have 3 bedrooms, 1.5 baths and a garage. The new homes will range from 1,850 square feet to 2,350 square feet. It is estimated that the total monthly cost of your mortgage payment including Principal, Interest, Real Estate Taxes, Private Mortgage Insurance (PMI), Hazard Insurance and a Homeowners Association fee of $95 will be approximately $2,139. This assumes a 30-year fixed rate mortgage at current Freddie Mac rate of 7.29% plus .25% with a 5% down payment. This is only an estimate. Your actual mortgage payment may be different based on the actual interest rate and other factors. This monthly mortgage payment is pre-tax and does not include the tax advantage of home ownership. To determine your monthly payment and net expense post tax effect, you should consult with your accountant or tax advisor. Your down payment can be 3% of which half can be a gift.