Owings Mills, MD
$8,000 Towards Closing Costs!* ‡
Style, comfort and unrivaled convenience converge at Park Terrace at Red Run, a townhome and condominium community with an upscale, urban design. Tucked away in a serene wooded enclave, these luxury homes enjoy a tranquil setting, yet remain within walking distance of the Metro, dining, shopping and entertainment. Minutes away are major commuter routes, putting Baltimore, Columbia and Washington, D.C. within easy reach.
• Located in Owings Mills, MD
• Up to 3 bedrooms and 2 bathrooms
• Spacious condominiums featuring spacious floorplans, innovative, upscale designs and elegant appointments
• Community surrounded by woods, imparting a tranquil, secluded atmosphere
• Walking distance to Metro, dining, shopping and entertainment
• Easy access to I-795, I-695 and other major routes for quick access to Baltimore, Washington, D.C. and Columbia
Directions:
-From I-695, take I-795 N. Follow to exit 4 - Owings Mills Blvd.
-Bear left off the exit and proceed to first light and turn right onto Red Run Blvd.
-Follow to community entrance 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 $180's
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.5%, an APR not to exceed 5.247%, 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 0.875 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 11/20/2009 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: $189,990
Interest Rate: 4.5%
Downpayment: 3.5%
Property Tax Rate: 1.222%
Origination Fee: 1%
Discount Points: 0.875%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $6,650
Loan amount: $186,549
Up front mortgage insurance amount: $3,208
$246 (Principal)
+ $700 (Interest)
+ $193 (Property Tax Estimate)
+ $22 (Hazard Insurance Estimate)
+ $86 (PMI Estimate)
+ $00 (Condo Fees)
- $194 (1st Year Tax Savings Estimate)
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$1,052 : Estimated Monthly Payment