Spring Hill, TN
The Crossings at The Reserve at Port Royal is a must see neighborhood! Here you will find 3-5 Bedrooms, 1.5 - 4 baths and Bonus Rooms Available from the lower $140's!
If you’re looking for a convenient location and peaceful surroundings – then The Reserve at Port Royal is the community for you! Port Royal is a premier Fox Ridge Homes' community located in Spring Hill just 15 minutes from Cool Springs Nashville!
Port Royal is the most convenient community to I-65 off of Saturn Pkwy and nestled among the beautiful green open space of the community! With less than a 5 minute drive to local shopping, dining, grocery, entertainment and less than 1 mile to I-65. Port Royal has all the qualities you've been looking for in your new home! Come see why The Meadows at The Reserve at Port Royal is one of Nashville's #1 New Home Selling Community. You’ll be happy you did!
Community Amenities Include:
• Upscale Cabana and Community Pool
• Beautiful Landscaped Entry
• 20 Acres of Open Green Space
• Landscaped Streets and Sidewalks Throughout
Designer Floorplan Features:
• Brick Front Included, Sod Front Yard and Seed/Straw Blend Sides and Rear
• Landscaping Package and Aggregate Driveway / Walk to front door
• Hardwood entry foyers
• GE® Appliance Package
Every Fox Ridge Home Includes:
• ENERGY STAR® Qualification that includes Energy Star® testing & certificate after closing
• Nortiz® Tankless Water Heater
• Low-E® Argon-gas Filled Windows
• Higher Energy Star® insulation values
• Energy Star® HVAC units
• Energy Star® certified appliances
• Programmable Thermostats
Features that prove our commitment:
• 1, 2 & 10 Year Exclusive Fox Ridge Homes Transferable Warranty
• Homeowner’s Association with Protective Covenants
• 10 Month Home Review after your closing
• One Year Drywall Inspection of Your Home
• Conveniently linked to Service Department through our website for easy access
*Community and Fox Ridge Features subject to change without notice
Directions:
From Nashville:
Take I-65 South to Saturn Pkwy (Exit 53)
Turn right onto Port Royal
Community is .2 mi on Left
Model Home Address:
1001 Queen's Place
Spring Hill, TN 37174
Models Available
Starting from the Low $140's
Decorated Model
**Limited time only. Financing based on a 5/1 FHA ARM loan, with an interest rate of 2.75%, upfront mortgage insurance premium, an APR not to exceed 3.453%, and 5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated real estate taxes, insurance, up front mortgage insurance premium. Monthly payment does not include homeowner's association or condominium dues or assessments. The borrower is paying 0 discount point(s). A 1% origination fee is paid by the borrower. Mortgage insurance is included in these examples because the LTV is 95% which requires mortgage insurance. Criteria for loan program qualification and interest rates on loan programs will 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. Must also meet FHA county guidelines. Certain restrictions may apply. Rates effective 5/2/2012 and subject to change without notice. The note rate may increase or decrease 1% per year after the 60th month and every 12 months thereafter. Over the life of the loan, the note rate may increase a maximum of 5%. On the annual adjustment intervals, the rate will adjust to the weekly average yield of the United States Treasury Securities adjusted to a constant maturity of one year (index) plus 2.250% (margin). 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. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 5/1 FHA ARM
Sales Price: $144,990
Interest Rate: 2.75%
Downpayment: 5%
Property Tax Rate: 0.94%
Tax Savings Rate: 28%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.22%
PMI: 1.1%
Up Front MI: 0%
Downpayment Estimate: $7,250
Loan amount: $138,726
Up front misc fees: $985
$248 (Principal)
+ $318 (Interest)
+ $114 (Property Tax Estimate)
+ $27 (Hazard Insurance Estimate)
+ $126 (PMI Estimate)
+ $00 (Condo Fees)
- $88 (1st Year Tax Savings Estimate)
-------------------
$833 : Estimated Monthly Payment
With tax savings:
- $88 (1st Year Tax Savings Estimate)
$745 : Estimated Monthly Payment