Under Construction. Embrace the Tranquility of Country Life: The "Mercedes" Model by Bakan Homes. Escape the hustle and bustle and discover the charm of rural living in this "Mercedes" model. Nestled on a quiet country road, this home offers a peaceful retreat without sacrificing affordability or comfort. The Perfect Blend of Style and Value: This compact gem is ideal for those seeking an attainable dream home. It boasts stylish touches like wood soft-close cabinets, gleaming quartz countertops, and stainless-steel appliances, making your kitchen a haven for culinary creations. Upgraded finishes like recessed lighting and ceiling fans in the bedrooms add a touch of comfort. Open and Airy Living: Step inside and be greeted by a sense of openness accentuated by 8-foot ceilings in the bedrooms and vaulted ceilings in the social areas. This design creates a light and airy atmosphere, perfect for unwinding after a long day. Live Simply, Live Well: The "Mercedes" model encourages a simplified lifestyle without sacrificing quality. Its efficient use of space makes it ideal for first-time buyers, downsizers, or anyone seeking a cozy retreat. Don't miss this opportunity to own a piece of the country dream! Some buyer's incentive available with preferred lender. Your investment is protected with a full 1-year Builder Warranty, and an extended 2-10 Warranty provided at closing, ensuring worry-free homeownership. Pictures are of a recently completed model. Colors and finishes may vary home to home.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $188,000 | $188,000 | $188,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $14 | $14 | $14 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,251 | $1,235 | $1,585 |
Total Monthly Payment | $1,340 | $1,324 | $1,674 |
* 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.