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Hillcrest is THE New Construction community in the charming coastal town of Ravenel, SC. Situated just off HWY17 in between two of the South's most desirable beach towns, Beaufort and Charleston, SC, the community is pioneering the potential for the next low country destination. Hillcrest is just a short drive down the road from several renowned beach towns: Edisto, Kiawah, and Folly Beach. You're 30 minutes away from enjoying the amazing shops and dining options in historic downtown Charleston! If you head in the opposite direction, you will find yourself enroute to Beaufort, Port Royal, and Hilton Head. On days when you're not at the beach or shopping, enjoy Hillcrest's beautiful resort style pool and open-air clubhouse!Be among the first to call this community your home while also investing in the future of Ravenel. The DARBY floor plan is designed for multigenerational living, offering an owner's suite, two secondary bedrooms with a shared full bath, a laundry room, and a versatile flex space on the main floor. The flex space can serve as a formal dining room, office, study or additional living area. The kitchen features a spacious corner pantry and flows seamlessly into the dining area and a cozy yet distinct living room, accentuated by three single windows. Just off the living room, the oversized owner's suite provides a luxurious retreat with dual vanities, a generously sized walk-in closet, and access to the covered patio, perfect for relaxing. Completing the home is a 0. 5 story selected option that adds at least 700 square feet of living space. This upper level includes a private fourth bedroom, full bath, and ample closet space, offering privacy and versatility for various needs. All new homes will include D. R. Horton's Home is Connected® package, an industry leading suite of smart home products that keeps homeowners connected with the people and place they value the most. This technology allows homeowners to monitor and control their home from the couch or across the globe. Products include touchscreen interface, video doorbell, front door light, z-wave t-stat, keyless door lock all controlled by included Alexa Dot and smartphone app with voice! *Square footage dimensions are approximate. *The photos you see here are for illustration purposes only, interior and exterior features, options, colors and selections will differ. Please reach out to sales agent for options.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $376,720 | $376,720 | $376,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,169 | $2,412 | $3,128 |
Total Monthly Payment | $2,244 | $2,487 | $3,203 |
* 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.