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4. 25% interest rate year 1, 5. 25% yr 2, then 6. 25% buydown available (rates subject to change). Builder will pay buydown funds PLUS 5K buyers closing costs. BRAND NEW HOME in Ravenel. NO HOA!! Open concept floorplan with inviting family room with fireplace, dining room and large island kitchen with stainless steel appliances and solid surface countertops. The main level also has a full bedroom and bathroom (not the primary bedroom) which would be a great office or playroom as well. The 2nd floor offers the large primary suite with walk-in closet and dual vanity primary bathroom. , 2 more spacious bedrooms plus a loft area and another full bathroom. Many upgrades including Low maintenance luxury vinyl plank floors, . 9 ft ceilings on the both 1st and 2nd floor tons of closet space, a rearcovered patio, 2 car garage and large lot complete this property. Shows beautifully. Must see!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $434,400 | $434,400 | $434,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,746 | $2,854 | $3,636 |
Total Monthly Payment | $2,838 | $2,946 | $3,728 |
* 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.