The Madison model is nearly 2800 SF and offers 4 BRs, 2. 5 BAs. Highlights of this home include a pretty covered front porch, 2-story entry foyer, 9' first floor ceilings, an open granite kitchen with bumpout breakfast nook, a granite breakfast bar which flows effortlessly into the family room with a gas fireplace, a master bedroom suite with custom tiled shower and walk-in closet. The convenient 2nd floor laundry, the mudroom off the 2-car garage and first floor powder room round out the priorities of a well-designed home. Reputable, local builder offering generous builder specifications including energy efficient infrastructure elements, seamless gutters, 9' first floor ceilings, full blacktop driveway and much more. Additional models and options to choose from, call list agent for information. 5 models to choose from. Building timeframe is 6-8 months from building permit approvals. Picture shown is of a Madison model under construction elsewhere.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
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 | $176 | $176 | $176 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,986 | $3,982 | $5,138 |
Total Monthly Payment | $4,254 | $4,250 | $5,406 |
* 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.