UNDER CONSTRUCITON - THE MONROE MODEL HAS 3, 313 SQ. FT. with three bedrooms - 2 bedrooms upper level, the (Primary Suite located on main floor) 2. 5 baths, 2 car attached garage and a loft. Enjoy the space of the family and dining room along with the kitchen featuring, granite countertops, tile backsplash, garbage disposal and a full overlay of Massachusetts Design cabinets with soft close doors and drawers. The Enclave at Barn Island is nestled in the charming New England shoreline. HOA community provides lawn care, landscaping, snow removal, trash pickup, covered mail kiosk, and a pavilion with community grills and a firepit. Located in the Village of Pawcatuck, within walking distance to Hall Cove and surrounded by an abundance of beautiful beaches, golf courses, and vineyards for year-round enjoyment. This home will meet the extraordinary levels of excellence in energy and performance specified by the DOE's Zero Energy Ready and Indoor airPLUS certifications. Our homes boast combustion-free water heating and space conditioning, rapid hot water delivery through an on-demand recirculation loop and spray foam insulation. Renderings similar to build. Build time 8-10 months.
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Dining Room | Main |
Family Room | Main |
Kitchen | Main |
Primary BR Suite | Main |
Study | Main |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $863,426 | $863,426 | $863,426 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,039 | $5,457 | $7,286 |
Total Monthly Payment | $5,164 | $5,582 | $7,411 |
* 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.