Under Construction. Beautiful new construction home! This is your opportunity to own a spacious home in the growing community of Rainbow Lakes Estates on almost an Acre of Land! You will love the Luxury Vinyl Plank flooring throughout all living and common areas with tile in the bathrooms and carpet in the bedrooms. This popular model features an Open floor plan with a dedicated dining room / office and large kitchen island area, three bedrooms, two baths, and even a Front Porch. . . all done in neutral, pleasing colors. Complete with Inside laundry and a Walk-in closet in the Master bedroom. Stainless steel appliance package in the kitchen. This home will have shaker-style cabinets and luxury granite countertops and comes with a 10 Year Warranty! Don’t Miss out! Any photos depicted are for illustration purposes only and only to show layout. Some photos have been virtually staged. Floor plan displayed is our standard plan and garage orientation may vary on actual home. Interior and exterior colors, and finishes may vary for actual home. Information is deemed correct, but no guarantee is made. The home is under construction. Expected completion date is an estimate only. Any dimensions listed are approximate.
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Our Executive Mortgage Banker:
Our Insurance Division:
$294,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $235,920 | $235,920 | $235,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $27 | $27 | $27 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,570 | $1,568 | $2,023 |
Total Monthly Payment | $1,672 | $1,670 | $2,125 |
* 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.