Murphy Homes is proud to announce we are starting construction on our first townhome product: The Terraces!
Nestled in Meridianville, AL, it's an easy 20-minute drive to Downtown Huntsville and 25 minutes to both Research Park & Redstone Arsenal!
Our luxury townhomes, like our single-family homes, are customizable to your needs when building with us. We have an extensive list of optional upgrades, but if there's something you think is missing, just ask! And with lawn maintenance included, it's a no-brainer!
At 1,769 Square Feet, 3 bedrooms & 2 bathrooms, and starting in the $230s, your home in the Terraces will offer all of the benefits of affordable luxury.
Check out our community page to see the floor plan in more detail, available upgrades, and included amenities.
Worried about your monthly payments? Check out this sample monthly payment schedule!
Terraces Townhome Purchase Scenario:
- Purchase: $250,000
- Term: 30 Year
Conventional: Rate of 6.50%
- 5% Down / Loan Amount = $237,500
- ***$1,501.16 P&I (Total Payment = $1,791.16)
20% Down / Loan Amount = $200,000
- ***$1,264.14 P&I (Total Payment = $1,489.14)
FHA: Rate of 6.250%
- 3.50% Down / Total Loan Amount = $245,471
- ***$1,511.41 P&I (Total Payment = $1,846.98
