Home Warranty: This Montgomery is located in On Top of the Word and is priced to sell. This 2-bedroom, 2-bathroom, 2 car garage has excellent curb appeal and features a newer architectural roof (2021) and new windows (2010). With over 1400 square feet, this home has 2 separate living spaces and a large kitchen. The home has laminate floors throughout with tile in the wet areas. Neutral colors throughout make this easy for any decor style. The lanai overlooks a well-maintained back yard with deep space between the rear neighbors. The seller is offering a home warranty with Old Republic Home Warranty for peace of mind. On Top of the World is Ocala's premier 55+ active adult community and has golf cart access to entertainment, banking, shopping, healthcare and beauty salons.
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William Raveis Real Estate
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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 | $128,000 | $128,000 | $128,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $54 | $54 | $54 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $852 | $851 | $1,079 |
Total Monthly Payment | $981 | $980 | $1,208 |
* 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.