Learn how to get a rate buydown with acceptable contract to save on your monthly mortgage payments! Welcome home to 938 Equine Drive - a beautiful and spacious 3-year old home located just 10 minutes from downtown Spartanburg! At almost 2400 square feet, this 4 bedroom, 2. 5 bath home features an upstairs loft/recreation room and an open concept floor plan with large living spaces and bedrooms throughout! The homeowners have lovingly added many custom details to this home including a faux fireplace, a white brick accent wall in the kitchen, modern open shelving, and upgraded hardware and light fixtures. The living room is a generous 16'x24' and is the perfect setup for entertaining numerous guests for the holidays or for utilizing in multiple ways such as a playroom or a home office. The living room flows into the light-filled and spacious dining room. The large kitchen features a gas cooktop, beautiful faux marble countertops, a walk-in pantry, and stainless steel appliances. A powder room is also located on the main level for your convenience. Upstairs enjoy the loft/recreation room and make it whatever you wish - a man cave, movie room, or more! The primary suite is a true oasis with plenty of room for all of your furniture and an ensuite bathroom with a dual vanity and a large tub/shower. The additional 3 secondary bedrooms are also located upstairs and are generous in size. The second full bathroom has a door to separate the dual sinks from the toilet and tub/shower, ideal for fully utilizing the space. No climbing up and down the stairs to do laundry as the laundry room is located on the second level. The exterior features easy-to-maintain concrete siding. Enjoy your level backyard with a view of trees, not other neighbors! Be sure to schedule your showing today and you could be in your new home before the end of the year!
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $247,200 | $247,200 | $247,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $173 | $173 | $173 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,707 | $1,665 | $2,103 |
Total Monthly Payment | $1,955 | $1,913 | $2,351 |
* 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.