Fruitland, MD
Become a “VIP” Purchaser. Limited number of Value Incentive Packages available worth thousands. Call today for details.**
**Call a Sales and Marketing Representative to register. Limited number of Value Incentive Packages available per community and package is predetermined by community, may not be available on all homes.
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Cedar Commons
Homesite of the Month
626 Wye Oak Drive (Homesite 4013A)
Mediterranean – Base Price $129,990
This Home Includes:
-End Unit $3,000
-4’ Extension to House $10,400
-Owner’s Bathroom $5,600
-Upgraded Maple Kitchen Cabinets $600
-GE Washer and Dryer $850
-3 Bedrooms and 2.5 Baths
-1,484 Square Feet of Living Space
Total Sales Price: $150,440
Total Savings: - ($10,450)*
New Sales Price: $139,990
*See Sales Representative for details. Offer expires July 31st, 2010.
Price takes into account an incentive of $6,000 which requires
Purchaser to use NVR Mortgage or pay cash to receive incentive.
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One of the Eastern Shore's Best New Home Communities!
Cedar Commons presents the lowest priced luxury townhomes in Fruitland! Enjoy an exceptional lifestyle that puts shopping, dining, antiquing and the beach within easy reach, while the outdoor recreation of Fruitland Recreation Area is walking distance away. Downtown Salisbury and Salisbury University are just 5 miles away for even more options.
• Located in Fruitland, MD
• 3 bedrooms and up to 2 ½ bathrooms
• Up to 1,680 square feet
• Luxury townhomes featuring spacious floorplans and 9-foot ceilings
• Custom options include hardwood flooring, ceramic-tile bathrooms, large bay windows and Corian® or granite countertops in the kitchen
• Within walking distance of the Fruitland Recreation Area for softball, baseball, soccer, picnic and fishing areas
• Within easy reach of shopping, dining, antiquing and the beach
• 5 miles from downtown Salisbury and Salisbury University
Directions:
From Route 13:
-Exit onto Rt 513 St. Luke’s Road/Cedar Lane towards Fruitland
-Follow to second left onto St. Luke's Rd.
-Proceed to right onto Wye Oak Dr.
-Proceed to community entrance about 1/4 mile on right.
Address: 741 Wye Oak Drive, Fruitland, MD 21826
‡ 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 $120's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.25%, an APR not to exceed 4.853%, 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 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. The financing used in this example is based on a conforming loan product and applies only to loan amounts that are $417,000 or less. Loan amounts over $417,000 are subject to additional costs/pricing. Certain restrictions may apply. Rates effective 9/3/2010 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: $129,990
Interest Rate: 4.25%
Downpayment: 3.5%
Property Tax Rate: 1.8%
Origination Fee: 1%
Discount Points: -0.5%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $4,550
Loan amount: $127,636
Up front mortgage insurance amount: $2,195
$176 (Principal)
+ $452 (Interest)
+ $195 (Property Tax Estimate)
+ $15 (Hazard Insurance Estimate)
+ $58 (PMI Estimate)
+ $00 (Condo Fees)
- $126 (1st Year Tax Savings Estimate)
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$771 : Estimated Monthly Payment