Presented byDori DeGennaro |
Introducing 11 Melrose Drive! This TO BE BUILT custom colonial was thoughtfully designed to be Functional and Comfortable! The floor plan of this home possesses a timeless quality! It will have 5 generous sized bedrooms, one of which is located on the first floor, giving the option of the Primary suite being on either the 1st or 2nd floor. In the heart of the home you will find a spacious kitchen that can accommodate an oversized island and seamlessly flows into the 2 story Great Room. The second floor has 2 bedrooms that share a full bath, another bedroom with its own ensuite full bath, a laundry room and a fabulous Primary suite with 2 walk in closets and an ensuite bathroom. Additionally the second floor has a beautiful open rail overlooking into the Great Room. The iconic covered front porch provides a place to sit and rock away the day's stress! Did I mention the 3 car garage? This house will be situation on a 1. 421 acre lot. Other plans are available to build.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Main | ||
Bedroom 2 | Upper | ||
Bedroom 3 | Upper | ||
Bedroom 4 | Upper | ||
Dining Room | 15.0 x 16.0 | Main | |
Eat-In Kitchen | Main | ||
Great Room | Cathedral Ceiling | 29.0 x 21.0 | Main |
Primary Bedroom | Upper | ||
Study | 15.0 x 14.0 | Main |
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,052,000 | $1,052,000 | $1,052,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,056 | $6,649 | $8,877 |
Total Monthly Payment | $6,181 | $6,774 | $9,002 |
* 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.