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Welcome to 18 Red Maple Lane, an exquisitely designed 3 bedroom, 2. 5 bath home in the brand new "40 Wickes Way" neighborhood in Warwick's sought-after Buttonwoods community. This home has it all! Step into a bright, open living area, offering a spacious living room, open dining area and an eat-in kitchen with stainless appliances and Corian countertops. First floor laundry, a tiled mudroom adjacent to the one-car garage, and a half-bath complete the main level. On the second floor you'll find a huge primary suite with double closets and an en-suite bath, two additional large bedrooms and another full bath. The full basement provides ample storage, and with its 8 foot ceilings it can easily be finished later to provide even more living space. 40 Wickes Way will be a self-contained neighborhood with underground utilities, city water, sewer, gas, and sanitation. ** 18 Red Maple Lane is currently under construction, with a projected July, 2025 completion date. Photos depict the model home, which has an identical floor plan. The model home is available to be shown immediately **
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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 | $514,400 | $514,400 | $514,400 |
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% | 6.112% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,209 | $3,379 | $4,306 |
Total Monthly Payment | $3,301 | $3,471 | $4,398 |
* 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.