Perched high above historic Rye Harbor, Sea Watch Cottage combines the vibrant energy of a working fishing port with the tranquil beauty of the coast. Walls of glass frame breathtaking views of bustling boats, set against serene waters that stretch toward the distant Isles of Shoals. As you step from the elevator to the open-concept upper-level living area, you are welcomed with warmth and elegance. Each room has a magnificent view and a seamless connection with the landscape. Its well-equipped kitchen includes a stunning walnut island, ideal for cooking and entertaining, and flows effortlessly into the family room. With beamed ceilings and a fireplace, it offers the perfect backdrop for social gatherings and quiet moments of reflection. The primary suite is a personal sanctuary, featuring two generous walk-in closets and a luxurious soaking tub. . . a peaceful spot to unwind while enjoying the westerly sun. Home office and studio spaces easily accommodate remote work and creative pursuits, while a three-car garage provides ample room for all your automotive and nautical needs. A shared deep-water dock gives you access to the ocean for boating adventures. At Sea Watch Cottage, every moment is a celebration of waterfront living!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,760,000 | $5,760,000 | $5,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $2,071 | $2,071 | $2,071 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $32,254 | $35,465 | $47,832 |
Total Monthly Payment | $34,450 | $37,661 | $50,028 |
* 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.