North East, MD
The Courts of Mallory is an exclusive enclave of luxury single-family homes tucked away in a peaceful wooded area of desirable Cecil County. Enjoy a gracious lifestyle made even more alluring with shopping, dining, Route 272, Route 40 and more at your fingertips. Nearby Elk Neck State Park, Shelter Cove Yacht Basin and the Chesapeake Club Golf Course will inspire outdoor recreation year ‘round.
• Located in North East, MD
• Up to 4 bedrooms and 3 ½ bathrooms
• Up to 3,258 square feet
• Up to 2-car garage
• Stately single-family homes with open, airy floorplans, innovative layouts and elegant appointments
• Basement homesites available
• Tranquil Cecil County location with secluded, wooded setting
• Near Elk Neck State Park, Shelter Cove Yacht Basin, the Chesapeake Club Golf Course and community fitness trail
• Convenient to shopping, dining and more
• Close proximity to Routes 272 and 40 for easy access to Baltimore, Philadelphia and Delaware
*The Courts of Mallory is not eligible for the $8,000 Ryan Homes Stimulus Incentive. Please see sales representative for details.
Directions:
Please visit our Ridgely Forest community:
-Take I-95 to Exit 100 (Rt 272 S).
-Continue on Rt 272 S for 1.4 mi to a left onto Rt 40E for approx 1 mi.
-Proceed to a right onto Mechanics Valley Rd. Proceed for 1 mi to a left onto Rt 7.
-Follow for approx 3/4 mi to the model on the left.
Models Available
Starting from the Low $230's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.875%, an APR not to exceed 5.585%, 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 0.125 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 12/4/2009 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 30 Year FHA
Sales Price: $230,990
Interest Rate: 4.875%
Downpayment: 3.5%
Property Tax Rate: 1.01%
Origination Fee: 1%
Discount Points: 0.125%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $8,085
Loan amount: $226,806
Up front mortgage insurance amount: $3,901
$279 (Principal)
+ $921 (Interest)
+ $194 (Property Tax Estimate)
+ $27 (Hazard Insurance Estimate)
+ $104 (PMI Estimate)
+ $00 (Condo Fees)
- $256 (1st Year Tax Savings Estimate)
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$1,269 : Estimated Monthly Payment