Under Construction. SELLER IS OFFERING $10, 000 TO USE TOWARDS INTEREST RATE BUYDOWN AND/OR CLOSING COSTS WHEN BUYER CLOSES WITH A SELLER APPROVED LENDER AND SIGNS A CONTRACT BY 12/1/2024. Estimated completion is Nov/Dec pending any setbacks beyond builders’ control. Come see this darling 2 story, 5 bedroom/3. 5 bath home in the desirable community of Magnolia Villas West with public water/sewer and low HOA fee. Primary bedroom is on 1st floor, while the other 4 bedrooms, laundry room, and game room are upstairs. Upgrades include: Separate tiled shower and garden tub in primary bath, shaker style cabinets with pull bars, high-definition beveled edge countertops, privacy fence in back yard, stainless steel appliances, and in-wall pest system. Community is in the heart of Ocala convenient to shopping, restaurants, museums, Silver Springs and more. Home comes with a 1-year builder warranty and 10-year structural warranty. Seller helps with closings costs on cash sales or when using seller approved lender. Rendering is for illustrative purposes only.
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Our Executive Mortgage Banker:
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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 | $276,440 | $276,440 | $276,440 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $19 | $19 | $19 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,839 | $1,837 | $2,331 |
Total Monthly Payment | $1,933 | $1,931 | $2,425 |
* 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.