A little Gem!! The Clarendon is one of the most prestigious and highly sought out properties in Back Bay. This unit is particularly elegant in that it has been recently upgraded to include a Poggenpohl kitchen-with high end appliances and a subzero under counter wine chiller. The unit "shows better than new" as it has been very lightly lived in through the years. Light hardwood flooring throughout. The bathroom vanities have been upgraded with lovely white stone and the closets have custom build outs to provide for plenty of storage. The unit is flooded with sunlight which is most apparent with the floor to ceiling windows. The home is complete with automatic window treatments and has many other custom design upgrades. The Clarendon was designed by Robert E Stern and houses the popular Banks restaurant. The building includes a large outdoor terrace, a social gathering room, children's playroom, fitness center, a library and business center and 24-hour concierge services.
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $1,908 | $1,908 | $1,908 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,937 | $11,825 | $15,680 |
Total Monthly Payment | $12,970 | $13,858 | $17,713 |
* 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.