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Welcome to Regency at Prospect, the highly sought after 55+ community nestled in the heart of Prospect. This cozy end unit features living space and storage unlike similar communities. In the very large primary suite, you'll find a massive bathroom featuring a jacuzzi tub, stand up shower and generous walk in closet. The open kitchen/living room area offers plenty of natural light as well as a gas fireplace, hardwood floors throughout and your own private deck accessed through the sliding door. The kitchen features granite counter tops, a convenient island and beautiful hardwood cabinets with pull out drawers sparing you from having to reach deep inside them to access your pots and pans. Off the front entryway you'll find a dining room to your left and secondary bedroom to your right which can just as easily be used as a den or office. There is also a two car garage which enters into your laundry room featuring a large wash sink and room for side by side washer and dryer. If you run out of storage upstairs you'll have a nearly endless amount in the massive basement where the hot water heater and central air are located. This complex also includes a clubhouse, heated pool, tennis court, bocce court and fitness room.
Type | Level |
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Bedroom 1 | Main |
Primary Bedroom | Main |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $339,920 | $339,920 | $339,920 |
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 | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $544 | $544 | $544 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,149 | $2,233 | $2,846 |
Total Monthly Payment | $2,768 | $2,852 | $3,465 |
* 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.