Experience the highly desired Cranmore Ridge in this charming END UNIT, 2-bedroom, 1. 5-bath townhouse. The spacious kitchen accommodates a small table or an island for extra counter space, with a small pantry providing ample room for all your kitchen essentials. The open-concept living room to dining area is enhanced by a slider which will lead you to a back deck, overlooking a serene wooded area. Upstairs, you’ll find two generously sized bedrooms with large closets and the full bathroom. The primary suite has gleaming hardwood flooring, a walk-in closet which leads to the full bathroom. The second floor laundry is located in the second floor hallway and provides convenience. This unit also features a one-car garage with storage above and an oversized outdoor storage closet by your front door. Join this vibrant community that includes a community building with gym, rec room, library, sauna and in-ground pool. The grounds include tennis courts, dog park, and patio area with BBQ grill. This is an ideal location for outdoor and walking enthusiasts and is minutes from local shopping and restaurants. ASSOCIATION IS NOT FHA APPROVED. Agents, please refer to non-public remarks for financing options.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $227,920 | $227,920 | $227,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $394 | $394 | $394 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,385 | $1,385 | $1,801 |
Total Monthly Payment | $1,854 | $1,854 | $2,270 |
* 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.