Fruitland, MD
$8,000 Ryan Home Stimulus Package for Every Buyer!* ‡
Cedar Commons presents the lowest priced luxury townhomes in Fruitland! Enjoy an exceptional lifestyle that puts shopping, dining, antiquing and the beach within easy reach, while the outdoor recreation of Fruitland Recreation Area is walking distance away. Downtown Salisbury and Salisbury University are just 5 miles away for even more options.
• Located in Fruitland, MD
• 3 bedrooms and up to 2 ½ bathrooms
• Up to 1,680 square feet
• Luxury townhomes featuring spacious floorplans and 9-foot ceilings
• Custom options include hardwood flooring, ceramic-tile bathrooms, large bay windows and Corian® or granite countertops in the kitchen
• Within walking distance of the Fruitland Recreation Area for softball, baseball, soccer, picnic and fishing areas
• Within easy reach of shopping, dining, antiquing and the beach
• 5 miles from downtown Salisbury and Salisbury University
*Offer applies to new contracts which are financed through NVR Mortgage. Prior sales and homes under construction are excluded. This incentive cannot be combined with other offers. Consult Sales and Marketing Representative for details. Limited time offer.
Directions:
From Route 13:
-Exit onto Rt 513 St. Luke’s Road/Cedar Lane towards Fruitland
-Follow to second left onto St. Luke's Rd.
-Proceed to right onto Wye Oak Dr.
-Proceed to community entrance about 1/4 mile on right.
Address: 741 Wye Oak Drive, Fruitland, MD 21826
‡ This is a limited time offer and available only on new contracts when financing through NVR Mortgage. Please consult our sales representative for details.
Models Available
Starting from the Upper $130's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.875%, an APR not to exceed 5.585%, 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 0.125 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 11/6/2009 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: $137,990
Interest Rate: 4.875%
Downpayment: 3.5%
Property Tax Rate: 1.8%
Origination Fee: 1%
Discount Points: 0.125%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $4,830
Loan amount: $135,491
Up front mortgage insurance amount: $2,330
$167 (Principal)
+ $550 (Interest)
+ $207 (Property Tax Estimate)
+ $16 (Hazard Insurance Estimate)
+ $62 (PMI Estimate)
+ $00 (Condo Fees)
- $153 (1st Year Tax Savings Estimate)
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$849 : Estimated Monthly Payment