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New Subdivision on Mica Drive, Raymond, NH - Mica Meadows: Welcome to this stunning new subdivision on Mica Drive in the charming town of Raymond, NH. With two beautiful floor plans to choose from, you can find your perfect home in this serene and convenient neighborhood. *Willow Floor Plan - $680, 000 Cape Split level home - 1, 750 sq. ft. *Meadow Floor Plan - $629, 000 Split-level home - 1, 660 sq. ft. Both floor plans are designed to fit your lifestyle, with open layouts, modern finishes, and plenty of natural light. Located just minutes from schools, shopping, and commuter routes, these homes provide convenience while still offering the tranquility of suburban living. Photos are renderings only* Homes to be built and will vary from renderings Do not go to the first houses already built to the left and right front of Mica Drive. They are not part of the development.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.000% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.176% | 6.298% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,181 | $3,348 | $4,246 |
Total Monthly Payment | $3,273 | $3,440 | $4,338 |
* 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.