The highly coveted JW Marriott social ''Members Club'' is included with this unit. Enjoy all three venues: The Rookery Golf Club, Hammock Bay Golf Club, and the private ''Members Only'' area of the Marriott Beach Club with the Balinese spa. In addition, the Madeira has their own world-class amenities offering 24 hr. security, guest suites, fitness center, billiards room, pickle ball, tennis courts, theater room, beachside pool, and BBQ. This rarely available ''05'' front unit offers direct Western views for year-round sunsets with a very spacious floor plan of over 3, 500 sq. ft. Three bedrooms, living room, dining room, family room, laundry room and 3 ½ baths. It's a unique opportunity to live in Marco Island's finest beachfront community and enjoy all the benefits of the social ''Members Club
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,600,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,680,000 | $3,680,000 | $3,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $1,277 | $1,277 | $1,277 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,868 | $23,563 | $32,565 |
Total Monthly Payment | $25,270 | $24,965 | $33,967 |
* 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.