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The ever popular modern farmhouse style is represented in true form in this all brick home still under construction. NOW is the time for buyers to still pick certain finish choices. Clean white cladding, steep pitched roofing and contrasting dark windows define the style perfectly. A charming, covered entry welcomes all visitors while protecting the entrance from the elements and an oversized, covered porch in the rear perfect for grilling or relaxing. The main level is open, filled with natural light and features all of today's must-have amenities. The kitchen has a large center island and conveniently opens into the living and dining spaces. This plan features a main floor primary suite with a luxurious primary bathroom featuring a stand alone tub and large shower. A fourth bedroom is also located on the main level to be used as a guest suite with attached full bath or utilize as a home office space. The upper level holds two additional bedrooms, two full bathrooms and a large, flex room. The flex room has multiple functions from 5th bedroom or simple storage to recreation or exercise space. This new construction home provides all of these highly desired features in a large but comfortable home. Montgomery Lake is a private/gated community surrounded by natural beauty yet close to the city including a clubhouse with pool, walking trails around the serene lake and all within minutes to restaurants, shopping and nationally recognized District 6 schools including Dorman High School.
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Our Executive Mortgage Banker:
$616,000
William Raveis Real Estate
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $492,800 | $492,800 | $492,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,915 | $3,034 | $3,994 |
| Total Monthly Payment | $3,007 | $3,126 | $4,086 |
* 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.