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Escape the cycle of seasonal summer moving with this rare, year-round lease opportunity in highly coveted Middletown/Newport location. This large "coastal chic" unit features 5 bedrooms, two baths, and is offered fully finished with all utilities included. The home combiness the classic charm of old world charm with a modern ammenities taht include a tiled kitchen with stone countertops, updated bathrooms, central air conditioning, and is offerred fully furnished. Basement laundry facilities are also included for your personal use. The exterior featues a large patio with fir pit, convenient parking, and sits on a large lot featuring amazing beach trees, some of which are the oldest on the island. Located just minutes from the historic Cliff Walk, pristine beaches, elite yacht clubs, and world-class dining on Thames Street, you are immersed in Newport's vibrant coastal culture. For military professionals, command staff, and advanced war college students, enjoy an ultra-convenient, stress-free commute of less than 3 miles to NAVSTA Newport. Skip the stress of seasonal rentals and lock in a premium, 12-month sanctuary.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,600
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $2,880 | $2,880 | $2,880 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.764% | 5.992% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $18 | $18 | $24 |
| Total Monthly Payment | $93 | $93 | $99 |
* 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.