Emerson Ridge, Chinburg Builder’s newest luxury community has launched! This stunning 4 bedroom, 4 bath home plan features over 3426 square feet of finished space that just flows with ease and will sit beautifully in this gorgeous setting. Whether from the living room into the beautiful sunroom or the 42-foot deck that wraps the home back to the dining room and kitchen (w/ a walk-in pantry!) - entertaining here would be a breeze. The beautiful, covered porch welcomes you into a spacious foyer with the open concept living space beyond and a dedicated 1st floor office. Upstairs presents the Primary Suite with a 20 foot long, walk-in closet flooded w/ natural light, as well as a guest suite at the opposite end of the hall. Revel in the upgraded standard selections package that includes Custom Tile Shower, Tiled Guest Bath Surround, Quartz Countertops, enlarged kitchen islands per plan, Upgraded Insulation Package and Energy Star Certification. Thinking you might still want to upgrade? We’ve got that covered with a beautiful Design Center with endless options! Emerson Ridge where scenic, pastoral farmland will envelop 11 single family homes amid 34 acres w/ direct access to 15 acres of pristine open space. Homes feature thoughtful interior design & expanded outdoor living spaces. Each plan reflects the character of the property with the innovation & modern design esthetic buyers have come to expect. Come see “The Chinburg Difference”, we love what we do!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,387,000 | $1,387,000 | $1,387,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,984 | $8,767 | $11,704 |
Total Monthly Payment | $8,109 | $8,892 | $11,829 |
* 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.