Under Construction. THIS HOME QUALIFIES FOR A LOW INTEREST RATE BUYDOWN PROMOTION WHEN BUYER CLOSES WITH A SELLER APPROVED LENDER AND SIGNS A CONTRACT BY 5PM ON 10/18/24. Brand New Block Home construction. Estimated completion Jan/Feb barring any unforeseen setbacks in materials or labor. Spacious split and open floorplan. House has a bonus room ideal for a home office, craft room, den or playroom. You will love the additional height of the tray ceiling complete with crown molding in the master bedroom. Large 5' tiled shower in the master bath in lieu of a garden tub, stainless appliances (Range, Microwave, Dishwasher), mini-blind insert in rear door to covered patio. Tile flooring in all areas except bedrooms, TAEXX in-wall pest control system. Builder Warranty! Closing costs paid when using Seller Approved lenders. Elevation photo is rendering and used for illustration purposes only. INTERIOR PHOTOS are the same floorplan in different home just for reference of potential finished product. Colors and options WILL vary.
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Our Executive Mortgage Banker:
Our Insurance Division:
$355,850
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 | $284,680 | $284,680 | $284,680 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $29 | $29 | $29 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,894 | $1,892 | $2,401 |
Total Monthly Payment | $1,998 | $1,996 | $2,505 |
* 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.