Under contract-accepting backup offers. One or more photo(s) has been virtually staged. *Now OFFERING a 1% INTEREST RATE REDUCTION for the first 12 months at no cost to the buyer when using preferred lender - saving thousands!* This one story, 5 Bedroom, 3 Bath home at Somerton Place at the Villages of Avalon has a flexible floor plan with 2, 675 square feet of living space. A bright, spacious foyer with double door entry leads to the living room and dining room. The family room sliders lead to the covered, screened lanai overlooking a fenced and manicured backyard. The kitchen features granite counters, a closet pantry, breakfast bar, black stainless steel appliances and a dining area. The primary bedroom suite also has sliders to the lanai and has an en-suite bathroom with dual-sink vanity, a separate tub and shower, and a large walk-in closet. This triple split floorplan home has three secondary bedrooms with two additional full bathrooms, and the office can also serve as a possible 5th bedroom. The home features an alarm system, cameras and yard sprinkler system. Easy proximity to shopping and highway access! Community amenities include a dog park, community pool and fitness center - along with low HOA fees! Call today for your private showing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$457,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $365,600 | $365,600 | $365,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $250 | $250 | $250 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,432 | $2,463 | $3,135 |
Total Monthly Payment | $2,757 | $2,788 | $3,460 |
* 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.