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Escape to your very own coastal paradise with this enchanting ocean view beach cottage. Nestled along the pristine shores of Matunuck Beach, this delightful retreat offers the perfect blend of relaxation, natural beauty, and coastal charm. Inside, you'll find a cozy living/dining & kitchen area with comfortable seating. The master bedroom offers a king sized bed, the second bedroom is made up of bunk beds and lastly the full bathroom. But wait, THE VIEW- enjoy your morning coffee on the charming porch as the sun rises over the horizon, and unwind with a glass of wine as it sets in the evening. Square footage includes footprint of the covered porch. Seasonal from May-October; unit #280
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $135,999 | $135,999 | $135,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | $43 | $43 | $43 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $860 | $893 | $1,138 |
Total Monthly Payment | $978 | $1,011 | $1,256 |
* 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.