Under Construction. Introducing the beautiful Bamboo floorplan from our Inspire collection of homes. This cozy and inviting home offers two bedrooms, two full baths, an indoor laundry room, and a one-car garage. The spacious kitchen seamlessly overlooks the combined dining and great room area, creating a contemporary layout that’s ideal for entertaining without the need for traditional “formal” living and dining rooms. Why rent when you can own? The “Bamboo” floorplan is the perfect choice for a starter home or for those looking to right-size their living space. Take the opportunity to make this home yours and embark on a new chapter of homeownership. Additionally, the Bamboo floorplan comes with a full year of non-transferable coverage and a transferable 10-year limited structural warranty, providing you with peace of mind.
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Our Executive Mortgage Banker:
Our Insurance Division:
$282,681
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 | $226,145 | $226,145 | $226,145 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $50 | $50 | $50 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,524 | $1,503 | $1,907 |
Total Monthly Payment | $1,649 | $1,628 | $2,032 |
* 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.