Principal & Interest | $2,774 | |
Property Tax | $530 | |
Home Insurance | $0 | |
Mortgage Insurance | $0 | |
HOA Dues | $83 | |
Estimated Monthly Payment | $3,386 |
More About the Cypress
The Cypress is a three-story, five-bedroom, four-bath home with a formal dining room, a first-floor guest suite with a full bath, a kitchen with an island and pantry, and a covered porch. The second floor features the primary bedroom, two additional bedrooms, a hall bath, a convenient upstairs laundry room, and an oversized loft area. The third floor features an additional bedroom and full bath.
Unique Features
- Five bedrooms and four full baths
- First-floor guest suite with full bath
- Formal dining room
- Second-floor loft area
- Covered porch
- Third-floor bedroom with full bath
- Tiled, luxury bath in the primary bathroom
- Gas fireplace with mantel
- Additional windows
- Tray ceiling in the dining room
Eastwood Homes continuously strives to improve our product; therefore, we reserve the right to change or discontinue architectural details and designs and interior colors and finishes without notice. Our brochures and images are for illustration only, are not drawn to scale, and may include optional features that vary by community. Room dimensions are approximate. Please see contract for additional details. Pricing may vary by county. See New Home Specialist for details.
About the neighborhood
Discover lakeside living at The Meadows at Laurelbrook! Nestled in Sherrills Ford, mere minutes from Lake Norman, this vibrant community offers an impressive array of amenities including a pool, cabana, pocket parks, a recreation field, pickleball courts, and interconnected sidewalks. Eastwood Homes will build some of our most popular ranch-style and two-story home designs featuring spacious, open family rooms, home offices, covered patios, and beautiful primary suites with large walk-in closets. Residents will also enjoy easy access to HWY 150, HWY 16, and I-77 for seamless commutes.
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Save Big for a Limited Time! - 3.99% Fixed Rate*
Higher interest rates got you down? We want to help! For a limited time, qualifying buyers can secure a fixed rate as low as 3.99%* on select quick move-in homes with Conventional or FHA financing through Mutual of Omaha! *Prices and rates are subject to change without notice. See New Home Specialist for more details.
Special financing offers are available for select Eastwood Homes contracted between April 3, 2025, and May 31, 2025, when utilizing Mutual of Omaha Mortgage.
FHA Financing Terms: Enjoy a 2/1 buydown with a first-year rate of 3.99% (APR 4.57%), resulting in principal and interest (P&I) payments of $2,336.33. The second-year rate will be 4.99% (APR 5.63%), with P&I payments of $2,627.23. A permanent fixed rate of 5.99% (APR 6.79%) will apply for the remainder of the term (years 3-30), resulting in P&I payments of $2,934.42. This is based on a purchase price of $499,000, a 3.5% down payment ($17,465), and a base loan amount plus Upfront MIP (UFMIP) financed loan amount of $489,962. Estimated monthly payments include FHA UFMIP of 1.75%. Note: MIP will be broken down into monthly payments. Real estate taxes, homeowners’ insurance, and HOA fees are not included in this illustration. A minimum FICO score of 660 is required.
Conventional Financing Terms: Enjoy a 2/1 buydown with a first-year rate of 3.99% (APR 4.12%), resulting in P&I payments of $2,141.48. The second-year rate will be 4.99% (APR 5.16%), with P&I payments of $2,408.12. A fixed rate of 5.99% (APR 6.18%) will apply for the remainder of the loan term (years 3-30), resulting in P&I payments of $2,689.69. This is based on a purchase price of $499,000 and a 10% down payment ($49,900). On select homes, enjoy a conventional fixed rate of 5.75%. This incentive is based on a purchase price of $770,000 with 20% down ($154,000); the loan amount is $616,000. Note: MIP (if applicable) will be broken down into monthly payments. Real estate taxes, homeowners’ insurance, and HOA fees are not included in this illustration. A minimum FICO score of 740 is required.
Terms and Conditions: Offers, incentives, lender and seller contributions are subject to certain terms, conditions, and restrictions. Certain incentives may affect the loan amount. The terms and conditions of financing depend on several factors, including the loan type. All mortgage loan terms are subject to credit approval, market conditions, and availability. A minimum credit score of 660 is required. Additional underwriting conditions may apply. This is not a guarantee to lend.
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Mortgage Calculator
*Mortgage calculators are used to give accurate estimations of common loan scenarios. The loan qualification estimate is based solely on the factors above and does not represent current market conditions or guarantee an individual's ability to qualify for a specific rate or loan amount.
Calculators are provided as a free service to our users. No guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose.
The result of this calculation should not be taken as a statement of one's credit-worthiness, but rather a general guideline of industry practices. Furthermore, calculation results are not to be construed as an offer to extend credit, under any terms, to any individual or any lender listed on this website. Use of any calculator on this site shall constitute acceptance of the terms of this agreement.