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Beautiful and spacious 3-bedroom, 2-bath town house in sought-after Leland Point! The open-concept layout features a kitchen with a center island, granite countertops, and stainless steel appliances that overlook the dining and living areas perfect for modern living and entertaining. There are two bedrooms and a shared bath on the main level, with an additional bedroom and full bath on the lower level offering privacy ideal as a primary or guest suite. The outdoor patio provides a great space to dine al fresco while enjoying the peaceful setting and expansive backyard. Tucked alongside serene coastal woodlands, this well-maintained and pet-friendly community offers convenient amenities, including water, sewer, trash, lawn care, and snow removal. Located just a short distance from Melville Elementary and Melville Lake for fishing and trails. Quick access to Naval Station Newport, Raytheon, and area beaches. Downtown Newport is only minutes away, and commuters will appreciate the easy access to Rt. 24 just 45 minutes to Boston. A perfect blend of space, comfort, and location!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $396,720 | $396,720 | $396,720 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.521% | 6.304% | 5.648% |
| Monthly Tax Payment | $414 | $414 | $414 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,315 | $2,411 | $3,215 |
| Total Monthly Payment | $2,804 | $2,900 | $3,704 |
* 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.