Chesapeake Beach, MD
EVERYONE QUALIFIES FOR THE RYAN STIMULUS PACKAGE: $8,000 toward closing cost assistance! ‡
Welcome to Forest Knoll at Richfield Station - a unique enclave of townhomes at the most affordable price in Calvert County. A maintenance-free lifestyle gives you the time to fully enjoy this amenity-rich community with tennis and basketball courts, tot lots and open space. Plus, a phenomenal location puts the Bay just minutes away and Washington, D.C. and Annapolis within easy reach!
• Located in Chesapeake Beach, MD
• 3 bedrooms and 2 ½ bathrooms
• Spacious townhomes with 3 levels, 9-foot ceilings on 1st floor, 42-inch cabinets and more
• Maintenance-free lifestyle
• Community amenities include tennis and basketball courts, tot lots and open space
• Just minutes from the Bay
• Easily accessible to Washington, D.C. and Annapolis
Directions:
-Take Rt 301 to Rt 4S.
-Follow for approx 6 mi to Rt 260E.
-Continue for approx 6 mi. to the community entrance on right (Harrison Blvd).
-Follow signs to the model.
‡ 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 $230'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 or condominium 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: $239,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.11%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $8,400
Loan amount: $235,643
Up front mortgage insurance amount: $4,053
$296 (Principal)
+ $933 (Interest)
+ $222 (Property Tax Estimate)
+ $28 (Hazard Insurance Estimate)
+ $108 (PMI Estimate)
+ $00 (Condo Fees)
- $259 (1st Year Tax Savings Estimate)
-------------------
$1,328 : 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.