ANOTHER SPECTACULAR NEW CONSTRUCTION HOME by Morecon Builders! This stunning raised ranch home is already under construction. Situated on a beautiful level lot. This home is awaiting for you to customize and add your finishing touches. This quality built Morecon home offers an open concept layout with 3-4 bedrooms, which includes a spacious Master Bedroom Suite with 2 large closets, 2. 5 bathrooms, an oversized 2 car garage, plenty of closets, storage, walk-out finished basement and much, much more. The open floor plan was thoughtfully designed and features hardwood flooring and tile, gas fireplace with granite surround and a custom kitchen with custom cabinets, granite counters complete with center Island and an appliance allowance. Just open the large slider in your kitchen, walk onto an oversized Trex deck, and enjoy your morning coffee overlooking your private back yard. A fully finished basement that can be used as an extra large family room, a large 4th bedroom, or perfect for a home office, rec room or an in law set up. Lower level includes another bathroom and a large laundry room. East Haddam is a quiet town Proud of their Schools and conveniently located near shopping, major highways, the CT River and lakes. Tentative completion date is October/November. Still time to pick your finishes and add your personal touches, but hurry, with the lack of inventory in today's market this home will NOT last! Agent related. Can meet with builder/agent by appointment only.
Type | Level |
---|---|
Bedroom 1 | Main |
Bedroom 2 | Main |
Primary Bedroom | Main |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $431,760 | $431,760 | $431,760 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $88 | $88 | $88 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,873 | $2,870 | $3,641 |
Total Monthly Payment | $3,053 | $3,050 | $3,821 |
* 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.