Under Construction. Under Construction. Seller may consider buyer concessions. BRAND NEW GATED COMMUNITY This Beautiful New Construction home is located in a new North Port Gated community of Watercress Cove. The home has 1512 square feet of living space allowing you much room for your family as well as guests. This home boasts city water and sewer, ceramic tile flooring everywhere except bedrooms, granite counter tops in the kitchen and bathrooms. Garden tub in the primary bathroom. Adams Homes provides great features such as: 30 year mildew resistant dimensional shingles, architecturally designed elevations, updated insulated, double-panned, tilt-in window designs, stain resistant carpet, A 1-year workmanship, 2 year mechanical and 10 year structural warranty is included. Only $1000 will get you under contract and the seller will cover the majority of the closing costs with the use of one of our preferred lenders.
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Our Executive Mortgage Banker:
Our Insurance Division:
$345,325
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 | $276,260 | $276,260 | $276,260 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $80 | $80 | $80 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,838 | $1,836 | $2,369 |
Total Monthly Payment | $1,993 | $1,991 | $2,524 |
* 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.