Welcome to 21394 Kings Mill Ln in the Kings Mill community! This spacious home offers 4 bedrooms, 3 full bathrooms, and 2,971 square feet, with inviting living spaces and convenient access to Kingwood shopping and dining.
Based on a $395,000 purchase scenario, explore two FHA financing options with 3% down payment assistance and a 3% Closing Cost Contribution:
Lower monthly payment: A 2-1 buydown provides a 4.875% payment rate in Year 1, 5.875% in Year 2, and the 6.875% note rate beginning in Year 3 (7.222% APR). Worksheet savings are $495.36 monthly in Year 1 and $253.62 in Year 2, compared with this option’s full-rate payment. Estimated total buyer funds: $12,685.87.
Lower upfront funds: Without the buydown, the note rate is 6.875% (7.244% APR). The worksheet estimates a $251.82 refund at closing, resulting in estimated net total buyer funds of $3,698.18, including earnest money.
