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Shoreby Hill - This c. 1920's classic bungalow cottage offers a wonderful enclosed front porch spanning the entire front of the home to enjoy beautiful sunrises, and cool summer breezes. The gleaming fir floors accent the wonderful light filled living room, with cozy gas insert fireplace, and formal dining room. A wet bar adjacent to the dining room leads to the spacious eat in kitchen, with access to the rear deck. Additional first floor rooms include a family room, main level bedroom, full bath with shower, laundry room, and rear mud entry. The second floor offers 2 spacious bedrooms, a study or office, and a hall bath with tub & shower. The rear deck enjoys southwest afternoon breezes, and overlooks the wonderful rear yard for lawn games. A detached 1 car garage is ideal for storing kayaks, paddleboards, and bicycles to enjoy the island lifestyle. Located just 2 blocks from the center of the Village this home is just steps away from area shops, restaurants, and marina. Catch the afternoon ferry to Newport for a evening on the bay. Jamestown is the "Jewel of Narragansett Bay" and island oasis, yet conveniently located to Newport, Boston, and New York by train or easy flights from TF Green International Airport to many destinations across the country. *More photos to follow*
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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 | $1,460,000 | $1,460,000 | $1,460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.750% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.865% | 6.435% |
Monthly Tax Payment | $573 | $573 | $573 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,520 | $9,470 | $12,518 |
Total Monthly Payment | $9,218 | $10,168 | $13,216 |
* 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.