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Location-Location-Location-Sought out and desired in Bonnet Shores, very DECEIVING! home, on a corner lot, just 3 streets back from Little Beach, on the corner of Anchorage and Camden with "peak a boo" water views. Brand new Roof and Siding, 4/25! Custom designed brick stairway. Fully furnished as shown in MLS photos. Kitchen island w/storage and stainless appliances. Gleaming hardwoods thru-out. Crown moulding thru-out. Outside shower. 1st floor laundry. Excellent opportunity to own and live in a Beach Community within the Bonnet Shores Fire District. A short walk to Little Beach, where boats are moored, including spectacular views of the Newport Bridge and Jamestown Bridges. A 1 mile walk for residents to Kelly Beach, and 1 mile from the Private Bonnet Shores Beach Club. Excellent rental opportunity both winter and summer. Mooring opportunity if on waiting list.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $879,200 | $879,200 | $879,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $399 | $399 | $399 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,992 | $5,630 | $7,419 |
Total Monthly Payment | $5,516 | $6,154 | $7,943 |
* 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.