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New construction- The only single level unit available at Orchard! Our 24-acre community is on the Cranston, Coventry lines in the very quiet and private woods. The unit features stainless steel appliances, split-system heat/AC, private concrete rear patio, front porch, integral garage and quartz on the counters and spacious kitchen island. This home is completely finished and ready for immediate sale. The main floor has more square footage than competitors who include a second floor bonus room in the square
footage totals. The basement boasts an additional approx. 1000 sq ft which would make this unit truly mammoth if it were to be finished. The grounds of Orchard feature dozens of fruit trees available to all residents in season. Orchard is minutes from the shopping and dining opportunities on Bald Hill Rd as well as four country clubs within a two mile radius. (Entry only listing-please note some pictures are enhanced/staged with furniture which is not included in sale).
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William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $391,920 | $391,920 | $391,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.132% | 5.541% |
| Monthly Tax Payment | $525 | $525 | $525 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,225 | $2,347 | $3,151 |
| Total Monthly Payment | $2,825 | $2,947 | $3,751 |
* 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.