Be among the first to experience the charm of this brand-new construction home “Magnolia” Model by Bakan Homes, set to be completed by 11/1/2024. This beautifully designed home offers a fusion of modern comfort that’s perfect for families, first-time homebuyers, or anyone looking for a fantastic investment opportunity. With 8’ ceilings in the bedrooms and vaulted ceilings in the social areas, this home welcomes you with a sense of openness and comfort. The heart of this home boasts wood soft-close cabinets, elegant quartz countertops, and top-of-the-line stainless steel appliances, including a dishwasher. It's a chef's dream! Enjoy the little luxuries in life with recessed lighting and ceiling fans in the bedrooms. The kitchen peninsula is adorned with seeded LED pendant lighting, adding a touch of sophistication to your space. Luxury water-resistant vinyl plank flooring throughout the home not only looks beautiful but also ensures easy maintenance, making it perfect for families and pet owners. This home offers the perfect blend of functionality and aesthetics, ensuring you can enjoy modern living without breaking the bank. Your investment is protected with a full 1-year Builder Warranty, and an extended 2-10 Warranty provided at closing, ensuring worry-free homeownership. Pictures are of a recently completed model. Colors and finishes may vary home to home. Estimated completion dates are only an estimate and can be delayed due to unforeseen circumstances.
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Our Executive Mortgage Banker:
Our Insurance Division:
$219,900
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 | $175,920 | $175,920 | $175,920 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $64 | $64 | $64 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,170 | $1,169 | $1,484 |
Total Monthly Payment | $1,309 | $1,308 | $1,623 |
* 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.