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11. 5 beautiful acres of nicely wooded, relatively level land in Perryville/Matunuck Hills area of South Kingstown. The property is zoned residential (R80), on a private, dead-end road. Amazing location. It's only a 5-minute drive to the SK Town Beach and has close proximity to many other beaches, dining locales, marinas, shopping, and Rte. 1 access to Narragansett, Charlestown, Westerly, and beyond! Rt. 95 access is minutes away. The property was recently surveyed, and DEM soil PERC tests were deemed favorable for an OWTS (septic design). Flood insurance is not required. The location offers the ultimate privacy & seclusion. The lot is accessed by way of an existing easement from a private road (Apple Tree Ln). Preliminary clearing is done for the site and driveway/access.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,148 | $3,148 | $4,011 |
Total Monthly Payment | $3,240 | $3,240 | $4,103 |
* 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.