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Welcome home to your new loft-style home, a top floor mill conversion condominium at the Lofts at Allen Street in Woonsocket. With soaring 12-15 ft. ceilings, mill-original hardwood floors and beams, exposed brick, and huge mill windows that overlook the Blackstone River this opportunity provides a one bedroom, one bathroom open plan lifestyle. Almost 900 sq. ft of living space provides an idyllic refuge with all modern conveniences including stainless appliances and washer and dryer in the unit. The primary bedroom overlooks the Blackstone River so you can fall asleep at night to the sound of the rushing river water. In addition to the primary bedroom there is a second room that could be used as an office, den or extra room for overnight guests. There is an additional storage unit in the basement and there are two deeded parking spots. Unit #206 at the Lofts at Allen Street provides a Manhattan lifestyle at a Rhode Island price. Welcome home!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $247,920 | $247,920 | $247,920 |
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 | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $210 | $210 | $210 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,547 | $1,629 | $2,075 |
Total Monthly Payment | $1,832 | $1,914 | $2,360 |
* 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.