Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Just Reduced. Welcome to this 2017 St Croix Home built by Medallion Homes. This 3 bedroom 2 bathroom home is perfect for snowbirds or if you would like, it could be your primary home. Enjoy your morning coffee on the back screened in porch with no rear neighbors. The award winning Lakes of Mount Dora is a manned gated community. If you are wanting an Active 55+ Lifestyle look no further. Featuring an enormous 18, 000 sq ft clubhouse with a library, card/game room, arts/crafts, billiards, social hall, to name a few. Community pool and hot tub, tennis courts, pickleball, bocce ball, fitness area, walking trails, RV/Boat parking, and more. Lawn irrigation, basic internet and cable are included with the low monthly HOA fee. Close to Downtown Mount Dora, theme parks, beaches and boating.
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Our Executive Mortgage Banker:
Our Insurance Division:
$369,900
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 | $295,920 | $295,920 | $295,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.421% | 6.644% |
Monthly Tax Payment | $457 | $457 | $457 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,994 | $2,019 | $2,557 |
Total Monthly Payment | $2,526 | $2,551 | $3,089 |
* 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.