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New Construction home with NO HOA in Spartanburg's School District 6 on over half an acre with an estimated completion date of April 30, 2025! Located on a low traffic side street off Hwy 221 this three bedroom two and a half bath home is positioned between the Westside shopping and dining district and Dorman High with easy convenience to Food Lion on Hwy 221 and Interstates 85 &26 access. The open concept, split bedroom floor plan features granite countertops throughout, stainless steel appliance package, soft close craftsman inspired cabinetry, Luxury Vinyl Plank flooring throughout the main floor common areas and owner suite, tile floors in baths, oversized guest rooms, 2 car finished garage with door opener, covered back porch, and crawl space construction. The master suite includes rope accent lighting, walk in closet, linen closet, tile shower, and a double vanity. Built by locally owned and family operated Goddard Construction. Contact Listing Agent for more information.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
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 | $1 | $1 | $1 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,770 | $1,863 | $2,363 |
Total Monthly Payment | $1,846 | $1,939 | $2,439 |
* 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.