Brand new construction in Middletown! This modern farmhouse style home features a thoughtful layout for today's buyer. Located in Morrison Farm, centrally located in the heart of Middletown close to beaches and activities and just a short drive to downtown Newport. The front & rear covered porches give this house many options for relaxing and enjoying the outdoors. Once inside, you'll appreciate the beautiful kitchen with a 10 foot kitchen island plus the prep area and walk-in pantry. Come home from the beach and leave your towels in the convenient laundry room in between the garage and kitchen. The large first floor main suite has a large walk-in closet and large master with double vanity and stand alone tub. The open great room with dining area features a gas fireplace, plus a first floor office or den. Upstairs are three bedrooms and two baths plus a large open area great for a second living space or playroom, plus a second laundry area. This home checks all the boxes, don't miss out on this great opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.700% | 6.222% | 5.785% |
Monthly Tax Payment | $312 | $312 | $312 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,079 | $10,937 | $14,827 |
Total Monthly Payment | $10,516 | $11,374 | $15,264 |
* 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.