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Under Construction - Estimated completion March 2025. Welcome to the Sweetgum Traditional elevation with spacious front porch and stone accents. This is a two-story, single-family home for people wanting the primary bedroom on the first floor away from the secondary bedrooms on the second floor. Entering the home, you will have a dining room that connects to the kitchen. The enhanced kitchen has white upgraded cabinets and quartz countertops. The kitchen features a large island and a breakfast area that will overlook your back yard and pond. Upstairs you will find 19' x 19' loft perfect for a second living area, game room, or play area for kids. There is an ensuite, private bedroom upstairs and 2 more bedrooms that share a full bath. Photos are of a previous model home which may have finishes that are different from the actual home being built. This home has whole house gutters, Energy Star Certified and DOE zero energy ready.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $388,082 | $388,082 | $388,082 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,453 | $2,549 | $3,249 |
Total Monthly Payment | $2,528 | $2,624 | $3,324 |
* 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.