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A To-Be-Built Conceptual home by David Summerall. Elevated island living in this stunning new ocean-facing residence at 491 Porpoise Dr, where modern architecture meets refined luxury. Thoughtfully designed for both everyday comfort and unforgettable entertaining. This exceptional home is the perfect retreat for families and guests alike. Inside, you'll find luxurious finishes and a seamless open-concept layout, complemented by a 5-stop residential elevator for effortless access to all levels. At the heart of the home, a high-end appliance pkg and gourmet kitchen make cooking a dream, while the outdoor kitchen offers an equally impressive space for al fresco dining and coastal entertaining. Incredible rooftop deck, with panoramic ocean views and sea breezes capture perfect sunset and stargazing. With ample storage, a 3+ car garage, and thoughtful design throughout, this home checks every box for luxury, function, and style. Set in a prime island location, you'll enjoy the best of community living with quick access to beaches, recreation, and local charm. Don't miss your opportunity to own this rare new-construction gem on Fripp Island Resort. If buyer acts quickly they will be able to maximize thier input into design features and finishes.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,368,000 | $2,368,000 | $2,368,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.754% | 6.792% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,580 | $15,163 | $20,791 |
Total Monthly Payment | $14,705 | $15,288 | $20,916 |
* 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.