Hanover, MD
$8,000 Toward Closing Costs!* ‡
Convenience meets luxury at Stoney Run, a thoughtfully designed community strategically positioned midway between Baltimore and Washington, D.C and close to Arundel Mills Mall. Whether you choose the gracious lifestyle afforded by the elevator condominiums or the stately elegance of the 2-level garage townhome condominiums, spacious floorplans, luxurious appointments and a maintenance-free lifestyle will give you the best of everything.
• Located in Hanover, MD
• Up to 3 bedrooms
• Luxury elevator condominiums and 2-level garage townhome condominiums featuring today’s most sought-after features, spacious floorplans and rich appointments
• Custom options include: fireplace, study, home office and more
• Maintenance-free lifestyle
• Convenient to Arundel Mills Mall and outlets
• Minutes to Columbia
• Less than 30 minutes to Washington, D.C. and Baltimore
• Easy access to Baltimore-Washington Parkway
Directions:
-Take Rt. 100 to Arundel Mills Blvd exit.
-Proceed South on Arundel Mills Blvd, towards the mall.
-Turn left on Ridge Rd.
-Follow for .5 mi to a right onto Stoney Run Dr.
-Proceed to model home on the 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 Upper $250'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 or condominium 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: $258,990
Interest Rate: 4.875%
Downpayment: 3.5%
Property Tax Rate: 1.003%
Origination Fee: 1%
Discount Points: 0.125%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $9,065
Loan amount: $254,299
Up front mortgage insurance amount: $4,374
$313 (Principal)
+ $1,033 (Interest)
+ $216 (Property Tax Estimate)
+ $30 (Hazard Insurance Estimate)
+ $117 (PMI Estimate)
+ $00 (Condo Fees)
- $287 (1st Year Tax Savings Estimate)
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$1,422 : Estimated Monthly Payment