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Under Construction. Welcome home to the Windham II, one of M/I Homes’ newly updated townhome plans. The layout of this townhome includes 1, 833 square feet, 3 bedrooms, 2 ½ bathrooms, and a 2-car, detached, rear-load garage. The Windham II’s location on the end of a building allows for additional windows and more natural light to stream in, keeping this space light and bright. As you arrive home, pull into your 2-car, rear-load garage; cross through your courtyard; and enter your home through the dining room. This space is open to the family room and kitchen, creating a great space for entertaining friends and family. The large, L-shaped kitchen boasts tons storage space with ample cabinetry and a closet pantry, plenty big to hold all the snacks. The center island makes a great prep space when creating your next masterpiece. Off the front door you have the flex room, perfect for a movie room, home office, workout space, or play room. A powder bath and the laundry room (with lots of extra storage space under the stairs) complete the first floor. When it’s time to call it a night make way to the second floor. Here you have 2 secondary bedrooms, a hall bath, and a linen closet. Your owner's bedroom is a true retreat, complete with a large walk-in closet with a window and an en-suite bathroom featuring an oversized dual-sink vanity and shower. Best of all, this new townhome is high-performance! It is ENERGY STAR 3. 1 certified, which means it is affordable to operate and you can save money on your monthly energy bills. Contact us today to learn more. Welcome to Better. Welcome to the Windham II.
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Our Executive Mortgage Banker:
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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 | $315,992 | $315,992 | $315,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | $387 | $387 | $387 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,971 | $2,076 | $2,624 |
Total Monthly Payment | $2,433 | $2,538 | $3,086 |
* 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.