Oceanview, DE
The charming town of Ocean View is just 1 mile from the Atlantic Ocean and 1 mile from the Indian River Bay. It is bounded by the Assawoman Canal and White’s Creek, providing both year-round and seasonal recreation.
Walk across the street to the Championship Bear Trap Dunes 27-hole Golf Course, named “One of America’s Best Courses” by Golfweek Magazine. Bear Trap offers a host of amenities to its neighbors, including a pro shop, fine and casual dining and an outdoor amphitheater with local and national performances throughout the summer.
Ocean View is located less than 3 hours from major metropolitan areas, including Washington DC, Philadelphia and Baltimore. Ocean View offers the coziness of small town living with easy access to beaches, golf, boating and tax-free shopping.
Directions:
From Route 1 South
- Turn Right onto Rt. 26 W (Garfield Parkway) for approx. 2 miles
- Turn Left onto Central Avenue for approx. 1 mile
- Community on right
Models Available
Starting from the Upper $260's
**Limited time only. Financing based on a 30 Year Conventional loan, with an interest rate of 5.375%, which includes a 0.75% condominium premium, an APR not to exceed 6.103%, and 5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance 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. Monthly payment includes 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 95%. 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 11/27/2009 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 30 Year Conventional
Sales Price: $269,990
Interest Rate: 5.375%
Downpayment: 5%
Property Tax Rate: 0.6%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.21%
PMI: 0.79%
Up Front MI: 0%
Downpayment Estimate: $13,500
Loan amount: $256,491
Up front mortgage insurance amount: $00
$287 (Principal)
+ $1,149 (Interest)
+ $135 (Property Tax Estimate)
+ $47 (Hazard Insurance Estimate)
+ $169 (PMI Estimate)
+ $133 (Condo Fees)
- $320 (1st Year Tax Savings Estimate)
-------------------
$1,601 : Estimated Monthly Payment