3/13/2010 8:26:30 PM
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Red Oak Crossing

Glen Burnie, MD

Red Oak Crossing Community

School District: Anne Arundel County Public Schools

Contact: (410) 684-3331

Location: (Directions)

Hours: Monday 12-6 Tuesday - Friday 10-6 Saturday & Sunday 11-6

Call today to be added to the waiting list!


Opening this Spring.

Directions:

Call for information!

Models Available

Starting from the Upper $220's



Product: 30 Year FHA
Sales Price: $229,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.2%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $8,050
Loan amount: $225,824
Up front mortgage insurance amount: $3,884

  $284  (Principal)
+ $894  (Interest)
+ $230  (Property Tax Estimate)
+ $27  (Hazard Insurance Estimate)
+ $104  (PMI Estimate)
+ $00  (Condo Fees)
- $249  (1st Year Tax Savings Estimate)
-------------------
$1,290 : 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.