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Estimated monthly payment is calculated on the price of the home and terms as shown above and includes estimates for property taxes and homeowners’ insurance as well as HOA Fees and PMI/MIP (if applicable).  Your actual monthly payment may be greater.   The estimated monthly payment is provided for illustration purposes only and is not a commitment to lend, nor a representation or guaranty that such payment amount will be applicable to any purchaser and/or transaction.  Interest rate is not guaranteed and is subject to market conditions and may change or program may be cancelled without prior notice.  You should contact a lender of your choosing for information, terms, and conditions specific to your current situation.  Click here for further details.
Interest rate is as of 10/4/2019. Mortgage loan assumes no fees payable to lender so that the interest rate and APR are the same. If your lender charges any fees in connection with the mortgage loan, your APR will be higher. Assumes a 30-year fixed rate, owner-occupied mortgage loan for a purchaser with a credit score of 740+ with a down payment of [Down Payment Percentage] as described in the Mortgage Calculator. For conventional mortgages, Private Mortgage Insurance (PMI) may be required by your lender if your down payment is less than 20%. For FHA mortgages, a Mortgage Insurance Premium (MIP) payment is required at an upfront rate of 1.75% of the borrowed amount and monthly at an annual rate of 0.85% of the amount borrowed. Not all communities are eligible for FHA financing.

Your interest rate may vary depending upon the type of mortgage, loan amount, loan-to-value ratio, occupancy, purpose of loan, and your credit scores. Assumed terms may not be available to all or any purchasers. Loan programs, financing programs, interest rates, home purchase price, fees, payments and offers may vary, are subject to change or cancellation at any time without notice and are subject to the specific underwriting guidelines of your chosen lender, credit approval, property appraisal, seller contribution limits, and other conditions, as applicable. Property taxes, homeowner’s insurance and HOA fees are estimates only. Actual amounts for property taxes, homeowner’s insurance and HOA fees may be higher and are subject to change from time to time. Flood insurance may be required depending on location of the home. Mortgage calculator is for informational and illustrative purposes only. You are encouraged to seek advice from a lender of your choosing for information, terms and conditions specific to your current situation.

K. Hovnanian Homes is not acting on behalf of or at the direction of HUD/FHA or the federal government.

KHAM 30 YEAR FIXED FNMA/FHLMC RATE
Please use the list below to determine your estimated interest rate based on your credit score. 
Note: These values are only an estimate. Please speak with a K. Hovnanian American Mortgage advisor for more information.

  • 620-639 = 5.701%
  • 680-699 = 4.489%
  • 720-739 = 4.039%
  • 740 or greater = 3.910%

 
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  • Abundant Adventure

    New Homes in Mundelein

    Spend the day at Diamond Lake. The gorgeous scenery is a beautiful backdrop for any activity from relaxing on the beach to water skiing.

  • On the Green

    New Homes in Mundelein

    With 9 public, private and municipal courses in Mundelein you have plenty of options to perfect your swing.

  • Stay Afloat

    New Homes in Mundelein

    Get set to get wet at Mundelein’s Barefoot Bay Aquatic Center. This 6-acre center offers amenities for swimmers of all ages.

  • On the Ball

    New Homes in Mundelein

    Mundelein’s 43-acre Diamond Lake Sports Complex has fields and amenities for all ages. From disc gold to snowmobiling and football to bocce, this complex is surely a gem.

  • Chicago

    New Homes in Mundelein

    Looking for a city adventure or that perfect job opportunity? The “Windy City” is just 35 miles away!

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    Mundelein

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    Mundelein is the perfect location to raise a family. With direct train service into Chicago, an abundance of recreational activities and a true sense of community, there is no better place to call home. Consider our new homes in Mundelein, Illinois, today.

    Taste of the Town

    Taste and tour Mundelein’s Tighthead Brewing Co.

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    The Family That Screams Together

    Feel the thrill at Six Flags Great America® Hurricane Harbor®.

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    Get Your Tickets

    Enjoy performances & films at Waukegan’s Geneses Theatre®.

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