Enjoy Newport every summer, This super prime time week falls mid July yearly, introducing you and your loved ones to a spectacular annual celebration! Imagine exploring the many gems that Newport has to offer. The magic of Newport at Oceancliff Resort, perfectly nestled near Ocean Drive and boasting stunning views of Narragansett Bay. This spacious and inviting one-bedroom unit is designed for your comfort and relaxation. Walk up to the amazing restaurant Safari Room and enjoy great cocktails and delicious food will you look out at all the yachts and sail boats float by. Accommodating up to four guests, this ground-level unit (G24) week 28 offers a cozy living room complete with a sleeper sofa and a gas fireplace, providing the ideal ambiance for family gatherings or a romantic retreat. The main bedroom features a queen-sized bed and an en-suite bathroom with a full shower, while a second full bath ensures convenience for everyone. Fully Equipped Kitchen to prepare your favorite meals. Some amenities include Indoor Swimming Pool, Internet, Laundry Facilities, plenty of free Parking and even a shuttle to downtown on some nights. Yearly Maintenance Fee is Only $1, 310, paid at the beginning of each year, makes this exceptional unit an affordable option compared to local hotels. Your family or partner deserves the best. Don't miss out on this prime opportunity to own a slice of paradise! This is a convinient ground level unit
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Our Executive Mortgage Banker:
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$7,500
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 | $6,000 | $6,000 | $6,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $40 | $40 | $51 |
Total Monthly Payment | $115 | $115 | $126 |
* 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.