This just may be the home you have been dreaming about since the first time you visited Pt. Judith. This remarkable 2 family home boasts unobstructed views of Pt. Judith Light house and the Spectacular entrance to Narragansett Bay where she meets Rhode Island Sound. The first unit has been used as an owner occupied home for the sellers and Boasts a fully renovated 3 bedrooms and two baths. The second unit has been a very successful seasonal and student rental for years and has also been completely updated. . This could very easily be converted into one large single family home. Walk to the beach, surf in one of the most popular surf spots in New England right outside your front door, enjoy the local restaurants and shops located in Pt. Judith and the fishing village of Galilee. (NOT IN A FLOOD ZONE)
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $439 | $439 | $439 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,798 | $6,389 | $8,896 |
Total Monthly Payment | $6,362 | $6,953 | $9,460 |
* 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.