WATERFRONT WINTER RENTAL. "Island Breeze"-Newport's newest luxury waterfront rental. Aptly named, you can literally catch the coastal breezes off the patio while taking in the panoramic view. Modern new construction with clean lines, floor-to-ceiling windows, and neutral contemporary furnishings. East- and south-facing water views across Easton's Pond, Easton's Beach, and Newport's Cliff Walk with direct access to the water, all a short stroll away. A cozy, second-floor den separates the suites with a large screen TV, water views, and privacy. Five bedrooms available; TWO suites with water views, both with en-suite baths; the primary has a KING bed, another suite with 2 QUEEN BEDS, and a third suite with 1 QUEEN bed; two additional bunk rooms offer more flexible sleeping options with a shared full bath.
A south-facing deck with a grill is available for al-fresco dining, and a water-view fire pit is a cozy place to gather in the evenings. Nature lovers can watch the sun and moon rise across the water while capturing glimpses of elegant shore birds such as egrets, herons, and swans that call Easton's Pond home. A dog may be considered.
DECEMBER, JANUARY, FEBRUARY, MARCH; $20, 000 MONTHLY; APRIL $25, 000
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William Raveis Real Estate
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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 | $16,000 | $16,000 | $16,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $106 | $106 | $135 |
Total Monthly Payment | $181 | $181 | $210 |
* 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.