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Move right into this beautifully renovated 2+ bedroom home in the sought after Narragansett Pier. No detail was overlooked from the high end chefs kitchen, elegant bathrooms, gleaming hardwood floors, outdoor living spaces, and accessory entertainment area, this home has it all. Come home from a long day at the beach and lounge under your outdoor gazebo while you sip a cool drink and read your summer novel. If activity is more your speed, play a game of tag with the kids or set up your croquet wickets. After you are done playing head to your outdoor shower and then into your well appointed kitchen to whip up a gourmet meal for all to enjoy Al fresco under the evening stars. Walk to town and grab an ice cream at night or a cup of coffee in the AM. You are also within 2/10th of a mile to the bike path and tennis courts or ride your bike to Narragansett Town Beach. There is nothing to do in this home but bring your bathing suit and flip flops and start enjoying the Narragansett way of life.
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$995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $796,000 | $796,000 | $796,000 |
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% | 6.739% | 6.309% |
Monthly Tax Payment | $495 | $495 | $495 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,582 | $5,097 | $6,771 |
Total Monthly Payment | $5,169 | $5,684 | $7,358 |
* 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.