Presented byJason Brown - The Bridge & Bay Group |
WINTER 2024-2025. Students welcome. This charming 4-bedroom, 2-bath home is an opportunity not to be missed. Located in the historic and desirable 'Fifth Ward' area of Newport, you are a stone's throw from Thames St. and all of the harborfront activities, shops and restaurants. Bellevue Ave. beckons you; as do our beautiful mansions and beaches. Features include elegant curb appeal, a large lot and back yard, sliding glass doors that lead to a lovely deck, cozy yet ample interior space, charming decor and a full basement and shed for storage. NOTE: Property will be undergoing kitchen renovations this summer. All new cabinets, countertop, flooring etc! First floor bathroom will also get new flooring and countertops. Available October 1, 2024-May 31, 2025.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,000
Broker
William Raveis Real Estate
Phone: 401.480.5952
Jason.Brown@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $3,200 | $3,200 | $3,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $22 | $21 | $27 |
Total Monthly Payment | $97 | $96 | $102 |
* 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.