The long awaited Emerson Ridge in Dover has finally launched! This gorgeous pastoral farmland setting will house 11 single family homes amid 34. 5 acres of gently rolling hills. One floor living at its finest - with an amazing 2nd floor as well - the Garnet Premier shines with living options! This 3 bedroom, 3 bath retreat offers over 3230 finished square feet starting with a 1st floor Primary Suite, Laundry Room, a dedicated Office and open concept living. The second floor defines “bonus”- with 2 additional bedrooms and bath, with an expansive bonus room - the possibilities are endless. The outdoor living spaces await you at every turn - from the covered front porch that wraps around the side of the home, to the deck and the 23-foot covered patio! Revel in the upgraded standard selections package, which is loaded, along with Upgraded Insulation Package and Energy Star Certification. Thinking you might still want to upgrade? We’ve got that covered with a beautiful Design Center with endless options! Emerson Ridge - where scenic, pastoral farmland will envelop 11 single family homes amid 34 acres overlooking 15 acres of pristine open space. Homes at Emerson Ridge feature thoughtful interior design & expanded outdoor living spaces to capture & integrate the natural landscape. Each house plan reflects the character of the property with the innovation & modern design esthetic buyers have come to expect from Chinburg Builders. Come see “The Chinburg Difference”, we love what we do!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,172,000 | $1,172,000 | $1,172,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,747 | $7,408 | $9,890 |
Total Monthly Payment | $6,872 | $7,533 | $10,015 |
* 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.