Your new lifestyle awaits you at the beautiful new development named Lathrop Farms Condominiums, off South Drive in Westerly RI. This community is age restricted, one buyer must be over 55. These spacious units boast hardwood floors throughout, upscale kitchens with granite counters and a large island. Generous allowances given for appliances and lighting. These upscale homes provide single floor living (with option for a second floor) including your master suite, large closets, open living/dining area and a second bedroom that can be used as an office. Your energy efficient low maintenance home will provide peace of mind for decades to come. The professional landscaping will be taken care of for you. Sit on your back patio and just enjoy the view of mature trees surrounding the development. Be as active as you way or just relax It's just a few minutes drive to area beaches, attractions and restaurants. Downtown Westerly offers a diverse collection of eating and drinking establishments, quaint shops, art galleries and antique shops line historic downtown Westerly. These photos include optional second floor. 10% deposit becomes non refundable when framing begins. - SUBJECT to price increase for 2021 construction dates.
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Our Executive Mortgage Banker:
Our Insurance Division:
$639,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $511,920 | $511,920 | $511,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $417 | $417 | $417 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,449 | $3,402 | $4,317 |
Total Monthly Payment | $3,958 | $3,911 | $4,826 |
* 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.