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Luxury Coastal Living at Narragansett Bay Club. Step into elegance with this sun-drenched 3 bedroom, 3. 5 bath home with a versatile bonus room, perfectly blending comfort and sophistication. A charming fenced-in front yard welcomes you, leading into light-filled interiors with soaring cathedral ceilings and a gracious living room fireplace, creating a warm and inviting centerpiece for gatherings. The first-floor primary suite is a serene retreat, complete with a spa-like soaking tub. Walls of windows invite natural light, while the private sun deck sets the stage for morning coffee or evening entertaining. A spacious 2-car garage provides both convenience and security. Set within the prestigious Narragansett Bay Club, this residence offers an unparalleled lifestyle defined by luxury and leisure. Residents enjoy a private beachfront pavilion with heated pools and a hot tub, a world-class tennis center with four Har-Tru courts and paddle courts with a warming hut, and a premier equestrian center featuring indoor and outdoor riding rings. A state-of-the-art waterfront fitness center open 24/7 ensures wellness at any hour, while boating enthusiasts will appreciate the community's private dinghy dock, boat ramp, and access to a limited number of moorings. Membership is required ($25, 000) along with a $2, 000 capital reserve deposit due at closing. This is more than a home, it's a lifestyle. Schedule your private tour today and experience the coastal luxury of Narragansett Bay Club.
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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 | $1,880,000 | $1,880,000 | $1,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.294% | 6.133% | 6.058% |
| Monthly Tax Payment | $1,156 | $1,156 | $1,156 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,381 | $11,272 | $15,738 |
| Total Monthly Payment | $11,662 | $12,553 | $17,019 |
* 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.