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Highest & Best Offers Due By Tues, 3/25 @ 10 AM. Welcome To This Much-Loved Family Beach House, A Charming Retreat That Has Been Enjoyed For Many Years. Nestled Just A Short Drive Away From The Pristine Sands Of NARRAGANSETT BEACH, The Exclusive Dunes Club, And Bonnet Shores, This Home Offers The Perfect Combination Of Convenience And Tranquility. Explore A Variety Of Fantastic Dining Options At Nearby Restaurants, Or Simply Relax In The PEACEFUL SURROUNDINGS. This Delightful Ranch-Style Home Is Thoughtfully Positioned On A Spacious DOUBLE LOT, Providing Ample Outdoor Space. The Home Includes A Cozy Kitchen, Inviting Living Room, Two Comfortable Bedrooms, And A Versatile Bonus Room That Opens To A Lovely Back Deck Ideal For Enjoying Outdoor Gatherings Or Quiet Moments. With Modern Amenities Such As TOWN WATER & SEWER And Gas Heat, This Property Combines Ease Of Living With A Wonderful Coastal Lifestyle. Whether You're Looking For A Vacation Getaway Or A Full-Time Home, This Property Offers A Unique Opportunity To Enjoy All The Best That The Narragansett Area Has To Offer. Being Sold As Is.
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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 | $392,000 | $392,000 | $392,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $215 | $215 | $215 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,446 | $2,575 | $3,282 |
Total Monthly Payment | $2,736 | $2,865 | $3,572 |
* 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.