“The Sands” is an approved 22-lot, cluster development of 44 individual duplex units. This project is located on the outskirts of Newport, just 30 minutes to the Dartmouth region, and 45 minutes to Concord. Ready for development, this sandy site can be transformed into a thriving residential community. The development process is expected to be relatively easy due to the favorable ground conditions, and well-drained soil, resulting in reduced construction costs. The sandy landscape also offers opportunities for creative landscaping and design features that can enhance the overall aesthetic appeal of the subdivision. The cluster approach was incorporated to preserve open space for the residents to enjoy. With the approval in place, this land is ready for transformation! This subdivision on the outskirts of Newport holds promise for a smooth and efficient development process, ultimately resulting in a vibrant new community for residents to call home. "Agent Interest"
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,996 | $6,486 | $8,711 |
Total Monthly Payment | $6,121 | $6,611 | $8,836 |
* 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.