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It was the opening of the fabulous River Club facility directly on the St. John's River that convinced me to build a home in RiverTown back in the summer of 2018. Mattamy Homes was just beginning to sell lots in the Homestead neighborhood, directly across SR 13 and within walking distance to the new club and a short bike ride to the Riverfront Park, not far away. It was early enough in the development that I could still build from scratch, selecting my lot, floor plan, finishes, and upgrades, and I was so excited to create the home of my dreams. I selected a protected preserve lot in the Homestead II neighborhood where the lot sizes (55' wide) and upgrades were a step above. While many of the ''preserve'' lots in the newer neighborhoods have only a thin ''preserve'' barrier of trees behind the homes, no-one will ever build in the wetlands, ensuring my backyard will remain completely private. I chose the open and flexible Beauclerc floor plan because I love to entertain. Several of my circles of friends have 12-15 members, and I wanted to be able to seat them for dinner. I fell in love with the Beauclerc floor plan the minute I entered the model home because of its open living area built around a fabulous kitchen. The large open dining room easily holds a table for 8 or more, a huge kitchen island seats 4 easily, and the flex space/office which is open to the central living area allows me to use my table desk to seat another 4 when needed. The 10' long granite island is the center of activity where friends can visit over horsd'euveres and a glass of wine while I put the finishing touches on dinner. The TV is visible from all corners of the large living space so we were able to watch the Jaguars lose their championship game over dinner. Guests could also catch the game from the extended covered lanai which offers an additional table for 6 and seating area. The other features I love are the corner walk-in pantry, and the huge laundry room with plenty of space for a spare fridge and an ironing board! The master suite is amazing, especially the spacious bathing area featuring a huge glass shower, a double quartz top vanity, and an extensive walk-in closet. I have enjoyed watching the golf cart parades every 4th of July and Christmas, and welcoming the numerous trick or treaters from my large front porch every Halloween. I will miss my wonderful neighbors, my weekly Mahjongg games, monthly Bunco and game nights at the RiverHouse amenity center, and my morning swims at the adjacent lap pool. And oh, how my grandkids will miss the large curly slide and the many youth activities at the soccer field there. They love joining me on the lazy river at the newly commpleted River Lodge and the fun concerts at the riverfront amphitheather. Morning exercise at one of several gyms and evening bike rides down to the dock on the St. John's River to watch the sunset encourage an active, connected lifestyle, unmatched in the Jacksonville area!
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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 | $400,000 | $400,000 | $400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.410% | 5.595% |
| Monthly Tax Payment | $538 | $538 | $538 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,334 | $2,463 | $3,242 |
| Total Monthly Payment | $2,964 | $3,093 | $3,872 |
* 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.