Presented byAnn Stewart |
Why rent when you can Own?A top-floor waterfront 2 bedroom 2 bath Condo. in New London Ct. Recently chosen by travel Leisure as a top destination for an award winning city . The condo offer spectacular views, convenient access to key fishing and sailing destinations like Long Island sound , Fisher's Island sound , Block Island , Stonington , and Montauk Long Island . The availability of reliable ferry and train services ensures that weather worries are minimized , providing a seamless and enjoyable living experience with easy day trips and quick returns. This condo is updated energy efficient controls. Seller at full price to pay off assessment for a reasonable monthly fee 563. 00 all inclusive. Moore your boat in your backyard and steps to the beach. One of the only Waterfront condos in the area a fabulous investment. For a primary or vacation home.
Type | Description | Level |
---|---|---|
Bedroom 1 | Main | |
Full Bath | Main | |
Kitchen | Main | |
Living Room | Balcony/Deck | Main |
Media Room | Lower | |
Primary Bedroom | Full Bath,Walk-In Closet | Main |
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.235.2131
Ann.Stewart@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.585.3916
Bobby.Kazarian@raveis.com
NMLS Mortgage Loan Originator ID 1875225
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.055% | 6.120% |
Monthly Tax Payment | $394 | $394 | $394 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,331 | $1,314 | $1,674 |
Total Monthly Payment | $1,800 | $1,783 | $2,143 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.