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This home will be ready for occupancy by mid-April and wait until you see the show-stopping selections our Design Team has curated—simply stunning with a modern farmhouse vibe and fun pops of whimsy! Here’s your opportunity to own new construction in Portsmouth at The Landing at Shearwater, a pocket community within walking distance of vibrant downtown. We’re excited to introduce the Shelley with Sun, the 2024 crowd-pleaser plan, offering nearly1, 300 sq. ft. on the first floor with a living room, large dining room, sunroom, mudroom, and first-floor primary suite. Upstairs, the space expands with 1, 368 sq. ft. , featuring two spacious guest bedrooms with walk-in closets, a large primary suite with dueling walk-in closets, a guest bath, and a recreational loft for lounging, exercise, work, or play. This home is built by an award-winning team with stylish standard selections, including quartz countertops, lever door handles, a Smart Home package, Energy Star Certification, and Flash and Batt Insulation. Don’t miss this opportunity to own a beautifully designed home in one of Portsmouth’s most desirable locations! Come see this custom builders 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 | $1,178,000 | $1,178,000 | $1,178,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,781 | $7,543 | $10,100 |
Total Monthly Payment | $6,906 | $7,668 | $10,225 |
* 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.