12/6/2009 9:53:07 PM
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The Lakes At Franklin Mills-Lifestyles

Kent, OH

School District: Kent City Schools

Contact: (330) 346-0396

Location: (Directions | Map It)

Hours: Mon 12-7, Tues-Thurs 11-7, Fri-Sun 11-6

Call today for incentives on select homesites! ‡


The Lakes At Franklin Mills offers a wonderfully unique lifestyle community where maintenance-free ranch condominiums meets a truly breathtaking setting amid picturesque lakes and over 38 acres of nature preserves. Enjoy luxurious, tranquil living at its finest.

• Located in Kent, OH
• 3 bedroom ranch floor plan with full basement
• 2-car garage
• Custom options include: finished walk-out basement, morning room and a luxurious owner’s suite with a luxury bath.
• Maintenance-free lifestyle
• Tranquil neighborhood nestled among picturesque lakes and more than 38 acres of nature preserves

Directions:

--Take I-76 E. to Exit 33 (OH-43) toward Kent/Hartville
-Continue south on OH-43
-Left on Tallmadge Rd./CR-18
-Community ahead on left


‡ 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 Low $160's

**Limited time only. Financing based on a 30 Year Conventional loan, with an interest rate of 4.875%, an APR not to exceed 5.559%, 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. 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 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 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 Conventional
Sales Price: $164,990
Interest Rate: 4.875%
Downpayment: 5%
Property Tax Rate: 1.88%
Origination Fee: 1%
Discount Points: 0.125%
Hazard Insurance: 0.2%
PMI: 0.79%
Up Front MI: 0%
Downpayment Estimate: $8,250
Loan amount: $156,741
Up front mortgage insurance amount: $00

  $193  (Principal)
+ $637  (Interest)
+ $258  (Property Tax Estimate)
+ $27  (Hazard Insurance Estimate)
+ $103  (PMI Estimate)
+ $00  (Condo Fees)
- $177  (1st Year Tax Savings Estimate)
-------------------
$1,042 : Estimated Monthly Payment