Presented byAlison Cheh |
Dream location by the sea in Narragansett Pier's beachside community, long-noted as one of America's top vacation destinations. This home sits central to relaxing opportunities of swimming, surfing, fishing, boating, fine seafood dining and entertainment. Or perhaps, you might fancy a stroll along the Pier's winding seawall. Located just two blocks from the white sandy Pier beach with its cool summer breezes, your deck or enclosed front porch is perfect for listening to waves along the shoreline. This house was rebuilt in 1980 and upgraded to present-day energy codes with plenty of opportunity to incorporate your own ideas. Oversized garage will accommodate two cars and a boat along with ample storage. The fenced-in yard offers privacy and a safe place for children and pets to play. Second- story ocean/beach views and 6 off-street parking spaces complete a homey paradise.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$1,590,000
William Raveis Real Estate
Phone: 203.231.2255
Alison.Cheh@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.225.2554
Theresa.Givens@raveis.com
NMLS Mortgage Loan Originator ID 1870734
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
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 | $1,272,000 | $1,272,000 | $1,272,000 |
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 | $477 | $477 | $477 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,626 | $8,250 | $11,080 |
Total Monthly Payment | $8,228 | $8,852 | $11,682 |
* 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.