LIVE IN OR INVEST IN YOUR FUTURE! This property will pay for itself! TWO NEW HOMES: 1900 sqft colonial & separate 750 sq. ft. accessory dwelling. Colonial offers 4 bedrooms, 3 full baths, 2nd floor laundry and garage. Accessory dwelling offers an open floor plan with 1 bedroom, office and 2 full baths. Both homes come with LP gas warm air heat with central AC; hardwood/tile/carpeted floors; granite throughout; builder's appliance package and more. All this sits on a level 14, 000 sq. ft. lot with sewer and water. Located in the heart of Wakefield with great access to URI and all amenities the town has to offer. Assessment and taxes TBD. Gross living area is combined total for both homes. INVEST! INVEST! INVEST!
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William Raveis Mortgage, LLC
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Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,600 | $719,600 | $719,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $114 | $114 | $114 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,314 | $4,667 | $6,268 |
Total Monthly Payment | $4,520 | $4,873 | $6,474 |
* 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.