This is your opportunity to have a refurbished condo in Bay Island's Ambassador building with a pool, water view, an assigned boat slip and an assigned covered parking spot. The condo association has begun the process for the refurbishing and the seller will be selecting choosing the materials to be used on Dec 9th. They expect to replace the lower kitchen cabinets with the same style and color cabinets, bathroom cabinets, all the flooring, baseboards, doors, 4 ft of drywall and painting throughout. One of the best features you will enjoy are the 3 connecting patios all across the back of the condo. The living area and both bedrooms open to these patio spaces. Perfect to entertain or just spend some quiet time to relax. The 3 sets of sliding doors are all hurricane rated. You will find more activities and amenities than you can imagine in Bay Island. While the Ambassador building has its own pool, the clubhouse has a pool as well as a fitness center, meeting rooms, library, sauna, rooms for playing pool and ping pong, banquet room with kitchen, entertainment room with a stage. You can play tennis, shuffleboard or enjoy the grill and patio for outdoor cooking. Be the first to take a look!
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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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $406 | $406 | $406 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,097 | $2,097 | $2,672 |
Total Monthly Payment | $2,578 | $2,578 | $3,153 |
* 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.