Why Rent When You Can Own … For Possibly the Same Cost!
October 11, 2017 2:47 pmWith several loan programs and loan options available, our Preferred Lender, Guaranteed Rate Inc., can help find the right monthly payment for qualified borrowers. Below is an example based on this townhome’s sale price:
| Example 5/1 ARM | |
| Sales Price | $399,900 |
| Down Payment | $19,995 |
| Loan Amount | $379,905 |
| Interest Rate | 3.375% |
| Estimated Monthly Payment | $1,403 |
| Estimated Taxes | $522 |
| Estimated Condo Fee | $375 |
| Estimated Mortgage Insurance | $117 |
| Estimated Total Monthly Payment: | $2,417 |
Why purchase a new home at Montage at Brookview?
- New 2 and 3 Bedroom Townhomes with 2-Car Garage
- Pre-construction pricing
- National Award Winning Builder, Brendon Properties
- Convenient / Located Near Retail, Restaurants, and Recreation
- Care Free / Maintenance Free Lifestyle
- Commuter Rail Stations nearby
- Walking Trails and Access to Mine Brook
If you’ve been renting for a few years, now might be a good time to consider the many benefits of home ownership, such as:
- Potential tax benefits
- Lower interest rates
- Build equity over time
- Interior decoration and renovation without landlord approval
Check out our website at: MontageAtBrookview.com
Mike Suffoletto or Allyson Kreycik
Senior Vice Presidents
617-383-7283 and 781-439-9176
301 Edgewater Place 310
Wakefield, MA 01880
NMLS 484108 and 484103
Guaranteed Rate and the above mentioned real estate professional builder are not affiliated; each is independently responsible for the products and services it offers. Guaranteed Rate assumes no responsibility and makes no representation as to the availability or accuracy of the properties or areas described above.
- Estimated monthly payments based on both principal & interest and interest only payments available during the fixed period. ARM rates are subject to increase after the three, five or ten-year fixed period of the 30 year loan. The loan will then be fully amortized over the remaining term as an adjustable-rate mortgage that adjusts once a year. Any rate increases will make monthly payments higher after the fixed period. APR assumes no change in the index following the fixed period. Rates are based on current market rates as of 08/07/2017 and are subject to increase without notice. Rates and APRs are for informational purposes only and may vary depending on loan details such as points, loan amount, loan to- value, borrower’s credit, potential builder contribution, property type, and occupancy. Rates assume that an escrow account is set up for payment of property taxes, hazard insurance, and mortgage insurance if applicable. Adjustable Rate loan programs may require further information; ask for details.
Equal Housing Lender. ©2009 Guaranteed Rate Inc. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. 051130B_CR (01/08)
Tags: fall
Categorised in: fall, Financing, Franklin, Home Ownership
This post was written by Montage At Brookview
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