The Ridge at Monroe, a 55+ active adult community in the heart of Fairfield County! This subdivision offers a unique opportunity for those seeking a floorplan with a primary bedroom on the main level in standalone homes. Each home is thoughtfully crafted to provide comfort and functionality by local builder AJ Grasso and team. Customize a stunning kitchen with a large center island, tile backsplash and pantry. Spend time by the gas fireplace and check out the view of the rear slider open to a patio or deck. Laundry room located on first floor. Spacious second floor multi-purpose room is perfect for a gym, craft area, theater room, etc. the possibilities are endless! This subdivision benefits from its proximity to local amenities, including shopping centers, restaurants, golf courses, and recreational facilities. The area also boasts beautiful natural surroundings, offering opportunities for outdoor activities and relaxation. Some units in the upcoming phase feature walkout basements. These homes were designed to be quiet, clean and comfortable with advanced technology and systems reducing the cost of home ownership. Directions: GPS use 1271 Monroe Turnpike, Monroe, CT. Photos are of similar homes built by same builder. This floorplan is the Wolfe Model, the other floorplans can be built on this lot.
Type | Description | Level |
---|---|---|
Bedroom 1 | Wall/Wall Carpet | Upper |
Dining Room | 9 ft+ Ceilings,Sliders,Hardwood Floor | Main |
Family Room | 9 ft+ Ceilings,Gas Log Fireplace,Hardwood Floor | Main |
Kitchen | 9 ft+ Ceilings,Island,L-Shaped,Pantry,Hardwood Floor | Main |
Office | Wall/Wall Carpet | Upper |
Primary BR Suite | 9 ft+ Ceilings,Full Bath,Walk-In Closet,Hardwood Floor | Main |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $567,996 | $567,996 | $567,996 |
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 | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $1,230 | $1,230 | $1,230 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,731 | $3,731 | $4,755 |
Total Monthly Payment | $5,053 | $5,053 | $6,077 |
* 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.