Severn, MD
Finished Lower Level AND $8,000 Toward Closing Costs!* ‡
The secluded community of Colonial Woods offers outstanding convenience and exceptional value. Enjoy luxurious single-family homes and a quaint neighborhood of tree-lined sidewalks and open spaces in a central Anne Arundel County location just minutes from shopping, dining, recreation and downtown Baltimore.
• Located in Severn, MD
• Up to 5 bedrooms and up to 4 ½ bathrooms
• 2-car garage
• Distinctive single-family homes with open, innovative floorplans and elegant appointments
• Secluded community with tree-lined streets, meandering sidewalks and an abundance of green, open spaces
• Affordable prices and exceptional value
• Convenient to dining, recreation and shopping, including Arundel Mills Mall
• Minutes from downtown Baltimore
• Just off of Route 97 and near Route100
Directions:
-From Rt 100E. take I-97S to exit 13-Quarterfield Rd West.
-Quarterfield Rd will turn into Donaldson Ave.
-Follow to a left onto WB&A Rd.
-Follow to the community entrance 1 mi ahead and turn right onto Lincoln Blvd.
-Proceed to model on the left.
‡ 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 $380's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.5%, an APR not to exceed 5.247%, 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 0.875 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 11/20/2009 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: $389,990
Interest Rate: 4.5%
Downpayment: 3.5%
Property Tax Rate: 1.003%
Origination Fee: 1%
Discount Points: 0.875%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $13,650
Loan amount: $382,926
Up front mortgage insurance amount: $6,586
$504 (Principal)
+ $1,436 (Interest)
+ $326 (Property Tax Estimate)
+ $45 (Hazard Insurance Estimate)
+ $176 (PMI Estimate)
+ $00 (Condo Fees)
- $399 (1st Year Tax Savings Estimate)
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$2,088 : Estimated Monthly Payment