To Be Built Ranch Style Plan Now Available in Somerset Woods. Located in the Final Phase of Somerset Woods, this unit will feature an open floorplan with full walk out lower level. Kitchen is complete with granite tops, stainless appliances, recessed lighting, Vinyl Plank flooring which is very durable and available in a number of colors. Laundry is on the main level and unit is complete with a 2 car garage! Lawn Mowing and Snow Removal is taken care of as part of the very low HOA fee. If that wasn't enough, there is a 1200+sf walk-out lower level that is light and bright and easy to finish into additional living space or use it the way it is as a fantastic workshop/rec room. A truly wonderful layout to age in place and enjoy a low maintenance home for years to come. Somerset Woods features Natural Gas for heating, hot water and its optional for cooking too. All of our homes have public sewer and water so no more worries about maintaining that expensive septic system and treating your well water for bacteria and chemicals. Crumbling foundations due to Pyrrhotite on your mind?? One less thing to worry about with a new home at Somerset Woods. Stop by to see what we are working on today. We have several foundations in and select units will be ready in less than 90 days.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | 12.6 x 11.0 | Main | |
Dining Room | 14.8 x 11.0 | Main | |
Kitchen | 14.0 x 14.8 | Main | |
Living Room | 19.4 x 12.8 | Main | |
Primary Bedroom | Double-Sink,Full Bath,Walk-In Closet | 14.0 x 14.0 | 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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,890 | $3,711 |
Total Monthly Payment | $3,019 | $2,982 | $3,803 |
* 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.