Frederick, MD
Last chance to own a home in Cannon Bluff - 1 site remains. Call for details.
Offering a refreshing blend of convenience, style and affordability, Cannon Bluff at Tuscarora Creek invites you to experience life without compromise. This charming Frederick community features luxurious single-family homes in a fantastic location central to everything. Live just minutes from the countless amenities of downtown Frederick and enjoy the ease of having I-270, I-70 and the MARC train just moments from home – at a price you never thought possible.
• Located in Frederick, MD
• Lowest priced NEW single family homes in Frederick
• Up to 4 bedrooms and up to 3-1/2 bathrooms
• Up to 4,000+ square feet
• Elegant single-family homes boasting luxurious appointments, open, airy floorplans and meticulous craftsmanship
• Remarkably affordable prices
• Convenient to downtown Frederick’s shopping, dining, entertainment and culture
• Outdoor recreation at nearby Baker Park
• Minutes from I-270, I-70 and the MARC train
Directions:
Model shown by appointment
Models Available
Starting from the Upper $260's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.439%, and 3.5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance, up front mortgage insurance premium and estimated tax savings based on a 28% income tax rate. We recommend that you consult a Certified Public Accountant regarding your specific tax situation and details. Monthly payment does not include homeowner's association dues. The borrower is paying 0 discount point(s). A 1% origination fee is paid by the buyer. Mortgage insurance is included in these examples because the LTV is 96.5%. Qualifying and rates on loan programs may vary based on credit criteria, final amount of down payment, and are subject to current market pricing. APR may vary depending on rate and final loan program. Certain restrictions may apply. Rates effective 3/19/2010 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 30 Year FHA
Sales Price: $266,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.85%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $9,345
Loan amount: $262,154
Up front mortgage insurance amount: $4,509
$330 (Principal)
+ $1,038 (Interest)
+ $412 (Property Tax Estimate)
+ $31 (Hazard Insurance Estimate)
+ $120 (PMI Estimate)
+ $00 (Condo Fees)
- $289 (1st Year Tax Savings Estimate)
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$1,642 : Estimated Monthly Payment
Federal tax credit up to $8,000 for first-time buyers and $6,500 for move-up buyers available on homes under contract as primary residences by 4/30/2010 and settled by 6/30/2010. $8,000 tax credit is for first-time buyers or those who have not owned a primary residence in 3 years. The $6,500 credit is Available to Move-Up Buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement. Income limitations and other restrictions apply. We suggest you consult a Certified Public Accountant and IRS.gov for tax advice and official requirements. Prices, financing and other offers subject to change without notice. See sales representative for details.