otonda Villas, a Deed Restricted Community in Placida Florida. ;Building lot 75 x 100, Public Sewer & Water, AND VERY LOW ANNUAL ASSOCIATION DUES. See listing associate for possible floor plans. Lot is located
in a flood zone and has a Northwestern rear exposure. Close to Shopping, Churches, Hospitals, Airports, and let us not forget our beaches galore on Manasota Key and Boca Grande, which offers boating, fishing, jet
ski-Kayak-canoe rentals, Shells and Sunsets are FREE!! Make Note Please of the building & Florida Power & Light…. in 2021, the Board determined that an increase of $50 per lot to the annual assessment, beginning in
2022, would be sufficient to pay off the loan within its term of 10 years and most likely much before that. As of April, the FPL project was completed in Meadows Villas.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $16,800 | $16,800 | $16,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $116 | $113 | $143 |
Total Monthly Payment | $191 | $188 | $218 |
* 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.