Amazing opportunity to assume this VA loan at 4. 75% BUYER DOES NOT HAVE TO BE VETERAN. Tropical Oasis located in the greatly sought after Belmont community. Enter the elegant two-story foyer with 14-foot ceiling height. Open floor plan with a Dining Room Family Room combination. Great home for entertaining when you walk out the sliders to the 20x30 covered lanai area with a dry bar, tiki bar and hot tub! Keep cool with high end ceiling fans. Extra electrical outlets and water outlets. Beyond the covered lanai find a brick paver area with gazebo for outdoor grilling, tropical landscaping, propane powered heated outdoor shower. (Valued over $40, 000) The indoor kitchen features fresh and bright white kitchen cabinets, granite counter tops, stainless steel appliances, gas range, and an extremely large walk-in pantry. Laundry Room The primary bedroom is on the 1st floor overlooking that gorgeous lanai, and features ensuite bath with dual sinks, water closet, large walk-in closet, and shower with custom corner shelving and grab bars. Don’t worry, there is a half bath for guests on the first floor. Upstairs is a roomy 12x16 loft and extremely large secondary bedrooms with 2 of the bedrooms having walk-in closets. The Bath has dual sinks and for privacy a separate toilet/tub area. Fully fenced backyard with gates on both sides. This home is energy efficient with tankless gas hot water heater and gas appliances. Sprinkler system, In-wall Pest Defense, Smart Thermostat, Ring Doorbell. WHY BUILD??? You will not get a fully fenced yard, tropical landscaping, spa, 20x30 lanai and much more…many upgrades at a large investment have been put into this home. Sellers are military and moving out of state.
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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 | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $759 | $759 | $759 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,259 | $2,286 | $2,900 |
Total Monthly Payment | $3,093 | $3,120 | $3,734 |
* 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.