Under Construction. Currently under construction, this Adams Homes floorplan spans 1780 sq ft and boasts a 3-car garage on a sizable lot in Palm Coast's Royal Palm area. The high ceilings, full brick exterior, and covered patio are just a few features that make this home appealing. Designed with bright, open spaces and abundant natural light, the kitchen features 36" cabinets with crown molding and an island that opens to the family room. It comes equipped with Whirlpool appliances, including a dishwasher, stove, microwave, and garbage disposal. The built-in Taexx Home Defense pest control system ensures a pest-free environment. The home's full insulation and double-paned windows contribute to a serene and energy-efficient living space. An initial deposit of only $1, 000 is required, with the possibility of UP TO $10, 000 FLEX CASH to reduce buyer costs, and the majority of closing costs covered when using an approved lender. Please note that photos are for illustrative purposes only, as the home is still under construction. The location is convenient to schools, parks, and shopping areas.
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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 | $295,920 | $295,920 | $295,920 |
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 | $44 | $44 | $44 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,969 | $1,967 | $2,496 |
Total Monthly Payment | $2,088 | $2,086 | $2,615 |
* 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.