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Luxury home builder is building this house with many of the same designs used in luxury homes. Very open and spacious with nine=foot ceilings. The large great room with crown molding, recessed lighting, a beautiful fireplace and a floor to ceiling surround. The great room is wired for flat screen TV including Plasma and LCD TV's. The kitchen which features recessed lighting, under cabinet lighting, a smooth top stove, built in microwave, dishwasher and plenty of cabinets including a lazy-susan in the corner cabinet. ----All appliances are Stainless steel. ------ Relaxing or cooking out on the covered patio will be a joy. ------- The master bedroom features a trey ceiling, a large walk in closet, a full master bath with double vanities, a separate shower and soaker tub. ------- The additional features include pantry, crown molding, recessed lighting, very energy efficient LOW E tilt out windows, a two car garage with outside coach lighting and a top of the line heat pump. -------- This house is being built by a local builder. Upgrades go well beyond the typical builder in this price range. -----UPGRADES ARE AS FOLLOWS----Granite counter tops in the kitchen and in all the bathrooms. Nine foot ceilings throughout with luxurious foyer entrance. --- Trey ceiling in the master with three layers of crown molding. ---Luxury Vinyl Plank flooring---- Ceramic tile instead of vinyl in baths and laundry area. --- Stainless steel appliances. --- Casings upgraded from 2 inch moldings to 3. 5 inch moldings. --- Rounded corners to sheetrock---- Upgraded interior doors with. ---- Recessed lighting. --- Upgraded High end hardware and lighting. ------Architectural shingles.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $271,200 | $271,200 | $271,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $42 | $42 | $42 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,692 | $1,782 | $2,270 |
Total Monthly Payment | $1,809 | $1,899 | $2,387 |
* 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.