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Spring has arrived, bringing the perfect opportunity to introduce you to 9 Lancaster Road, nestled in Westerly's desirable Sea Glen neighborhood. Pride of ownership is evident throughout this beautifully maintained, custom-designed one-owner home. Offering approximately 4, 000 square feet of thoughtfully designed living space, this residence features a bright, airy open floor plan, with soaring cathedral ceilings in the great room and abundant southern exposure that fills the home with natural light. The first-floor primary suite provides both comfort and convenience. At the same time, the second level includes two generously sized bedrooms, a full bath, and a versatile loft area that overlooks the great room ideal for crafts, a cozy reading nook, or even extra sleeping space. The fully finished, walk-out lower level offers exceptional flexibility. It features a gas stove, a spacious family room, dedicated office space, and plenty of room for hobbies, exercise, or guests. Set on approximately 1. 25 acres, the home is surrounded by mature landscaping and tranquil natural beauty. Sea Glen is a well-established neighborhood known for its underground utilities, including natural gas, water, and sewer, which enhances the home's overall appeal and ease of living. Conveniently located just minutes from Westerly's town center, Watch Hill, beaches, golf courses, and easy highway access, this home represents the best southern Rhode Island living.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,039,920 | $1,039,920 | $1,039,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | $852 | $852 | $852 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,986 | $6,659 | $8,846 |
Total Monthly Payment | $6,963 | $7,636 | $9,823 |
* 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.