Wow, LOCATION LOCATION - FISHERMANS / BOATERS Dream Home. This property has water access to the CHAIN OF LAKES and enjoy spending time in your backyard, maybe cast a line from the water's edge for some fun and relaxing fishing or take your boat out for a day of fun in the sun skiing or tubing on the water. Imagine living a short boat ride away from downtown Mt Dora and Tavares shorelines filled with great local bars, restaurants and shopping! And don't forget about the Dora Canal and its scenic tour of old Florida leading you to Lake Eustis and the rest of the Harris Chain of Lakes. This neighborhood is situated between Tavares and Mount Dora, feels like living in the country but only 15 minutes to shopping, medical, and dining and a quick commute to toll roads to take you to Orlando or Sanford and makes this an excellent opportunity for you to live on the water! Come see today! Come make this cozy boater paradise your own.
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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 | $251,920 | $251,920 | $251,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $158 | $158 | $158 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,697 | $1,674 | $2,124 |
Total Monthly Payment | $1,930 | $1,907 | $2,357 |
* 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.