Under Construction. MLS#O6147328 REPRESENTATIVE PHOTOS ADDED March 2024 Completion. The Redbud is a spacious four-bedroom plan that offers plenty of room for expansion. An additional bedroom can be added to each level of the home, including a junior suite on the top floor with ensuite bath. More storage is available with a third garage and an outdoor living upgrade connects the gathering room to a covered lanai. An extensive living area comprises most of the ground floor of the home, with the kitchen on one end and the gathering room on the other. A casual dining room connects the two spaces and leads outside to the patio via sliding glass doors. An oversized walk-in pantry is conveniently located next to the primary entrance for easy unloading and a powder room and coat closet is found adjacent to the foyer. Upstairs, a deluxe primary retreat includes a well-equipped bath and large walk-in closet. The three secondary bedrooms share a bathroom with dual sinks and vanities plus interior door for added privacy. Structural Options include: Covered Lanai and 5th bedroom
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $324,556 | $324,556 | $324,556 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,214 | $2,157 | $2,783 |
Total Monthly Payment | $2,289 | $2,232 | $2,858 |
* 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.