Ocean front corner unit with 2 beds, 2 1/2 Baths at the beautiful & desirable Oceana Bal Harbour. As you open the windows to your wrap-around terrace you will be immediately connected to the vibrancy of the Ocean, sound of the waves and the beauty of the palm trees right in front of you. Oceana with 4. 8 acres of land accommodates many amenities such as 2 tennis clay courts, 2 swimming pools, private restaurant, cabanas, movie theater, 5-star spa and gym facilities and lots of art throughout the property. The prized Jeff Koons’ Pluto and Proserpina, a stainless-steel sculpture that stands over 10 feet tall and Ballerina right between the 2 pools are the jewels of Oceana. When people come, they just fall in love with Oceana
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,040,000 | $5,040,000 | $5,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.876% | 6.830% |
Monthly Tax Payment | $4,251 | $4,251 | $4,251 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $32,272 | $32,689 | $44,251 |
Total Monthly Payment | $36,648 | $37,065 | $48,627 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.