Laurel, MD
The Oaklands is currently SOLD OUT!
Free Recreation Room and $10,000 closing cost assistance.* Call for details!
A 17th Century setting meets 21st Century luxury. Built on the grounds of an estate home dating back to the 1800s,The Oaklands is a single-family home community that combines charm, tranquility, luxury, and a highly convenient Laurel location. Perfect for families of all sizes, this tightly-knit neighborhood possesses generously sized tree-lined yards, and elegant, well-appointed homes.
• Near Route 1 and everyday conveniences
• Within minutes of I-95, I-495, the Baltimore/Washington Parkway
• Easy access to Washington and Baltimore, MARC, Metro, and BWI
• Gracious homes of up to 3,200 square feet
• 4 spacious bedrooms
• Neighborhood ball field
• Tot lot
Directions:
- Take 495 to 95 North.
- Take 198 East to Rte 1 South.
- Turn left on Contee Rd.
- Information center is 1/4 mile on left.
Models Available
Starting from the Low $380's
Decorated Model
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.462%, 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 0.25 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 3/15/2010 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: $384,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.578%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $13,475
Loan amount: $378,017
Up front mortgage insurance amount: $6,502
$476 (Principal)
+ $1,496 (Interest)
+ $506 (Property Tax Estimate)
+ $45 (Hazard Insurance Estimate)
+ $173 (PMI Estimate)
+ $00 (Condo Fees)
- $416 (1st Year Tax Savings Estimate)
-------------------
$2,280 : 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.