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On a quiet Weekapaug lane, opportunity beckons as 10 Morris Road awaits your vision and imagination. Build new or revamp the existing classic cottage! Since 2017, the owners have visually improved the grounds and increased the parcel size through buying an adjacent piece, which brings the overall lot to 0. 36 acres with approximately 110 feet of road frontage today. Grassy, open, inviting lawn with beautiful neighboring stone walls. Private location by the Weekapaug Croquet Club playing field and Salt Spray Farm's conserved lands. Stroll over for a pickleball game or tennis match. Bike to Fenway Beach or the Inn Beach. Sited high on the western side of Weekapaug, the sense and the sound of the sea are present and the chance for water views exists. Weekapaug is a sought-after shoreline destination in Westerly and offers two pristine ocean beaches, a saltwater tidal pond, a yacht club, a tennis club with croquet, pickleball and tennis, and the casually elegant Weekapaug Inn.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,560,000 | $1,560,000 | $1,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | $793 | $793 | $793 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,494 | $9,353 | $12,954 |
| Total Monthly Payment | $9,412 | $10,271 | $13,872 |
* 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.