Madison, TN
NEW SPECIAL PRICING FOR A LIMITED TIME ONLY! ‡
Welcome to Cumberland Bend, Fox Ridge Home's newest community. This affordable neighborhood provides an excellent location that is accessible to major interstates including I-65 and Briley Parkway. Located just off Gallatin Road, Cumberland Bend is convenient to Rivergate Mall and is 15 minutes from downtown Nashville. Select from a variety of one and two story homes with 3-5 bedrooms and up to 2 1/2 baths. Cumberland Bend offers large and level homesites in a quiet community with a very convenient location and amazing value. Come see why Cumberland Bend is one of Davidson County’s best new home communities. Visit today!
Directions:
From Nashville:
Take I-65 North to Old Hickory Blvd. Turn Right on Old Hickory Blvd (EXIT 92)
Turn Left(North)on Gallatin Rd
Turn Right on Anderson Lane in 0.8 Miles
Then Left on Snow Avenue in 0.4 Miles
Community is on the Right
Model / Sales Center Address:
601 Betty Lou Drive
Madison, TN 37115
For Use with GPS/Navigation:
Snow Ave. and Anderson Road
Madison, TN
‡ 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 Mid $120's
Decorated Model
**Limited time only. Financing based on a 30 Year Conventional loan, with an interest rate of 4.25%, an APR not to exceed 4.804%, 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 0.25 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. The financing used in this example is based on a conforming loan product and applies only to loan amounts that are $417,000 or less. Loan amounts over $417,000 are subject to additional costs/pricing. Certain restrictions may apply. Rates effective 7/29/2010 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: $125,990
Interest Rate: 4.25%
Downpayment: 5%
Property Tax Rate: 1%
Tax Savings Rate: 28%
Origination Fee: 1%
Discount Points: 0.25%
Hazard Insurance: 0.22%
PMI: 0.67%
Up Front MI: 0%
Downpayment Estimate: $6,300
Loan amount: $119,691
Up front mortgage insurance amount: $00
$165 (Principal)
+ $424 (Interest)
+ $105 (Property Tax Estimate)
+ $23 (Hazard Insurance Estimate)
+ $67 (PMI Estimate)
+ $00 (Condo Fees)
- $118 (1st Year Tax Savings Estimate)
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$666 : Estimated Monthly Payment