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UNDER APPRAISED VALUE! appraisal in hand $565, 000. Have built in equity! \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 another 5K towards buyers closing costs!. FINISHED BRAND NEW HOME in sought after Ravenel. NO HOA!! The floorplan is a open plan with the living room, dining room and kitchen open to each other. The family room has a nice fireplace and built-in shelving. The kitchen has a large center island with room for seating, stainless steel appliances, solid surface countertops and pantry. There is also a study on the main level which could also be a playroom or den. A powder room completes this level. On the 2nd floor, we find the spacious primary bedroom with dual vanity bathroom and walkin closet There are also 3 additional on this level plus 2 more full bathrooms, laundry room and a loft space. Low maintenance luxury vinyl floors, 9 ft ceilings on 1st and 2nd floor, a covered patio for outside living and a 2 car garage plus large yard complete this home. Must see.
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$539,000
William Raveis Real Estate
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Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $431,200 | $431,200 | $431,200 |
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 | 7.108% | 7.063% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,725 | $2,833 | $3,610 |
Total Monthly Payment | $2,817 | $2,925 | $3,702 |
* 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.