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55+ community with low HOA fee of $55. 00/month. This property has amazing features you will want in your new home. Starting with a screen carport so large you will be able to entertain all your friends at once. Complete with a double driveway, this is more than the average property has in Lake Frances. As you come inside, you will notice in the kitchen area, the owner has upgraded an area to allow for more storage. Then continuing forward, you will be in the large dining room area, allowing you to see the family room and living room area. Notice all the update flooring throughout with Bamboo flooring. The insulated heated and airconditioned Florida room will allow you to do your personal craft or read in peace your favorite book. The bedroom areas are complete with each of their bathrooms. Lake Frances community has been voted by many to be the best place to live in Central Florida. Being a golf cart community, you can ride to the grocery store and don't worry about parking space. the city allows you to cross 441 and have access to more stores. Take the time to go downtown Tavares and enjoy the fabulous sunsets and the venture out to the many restaurans available down town.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$174,900
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 | $139,920 | $139,920 | $139,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.899% | 7.017% | 6.034% |
Monthly Tax Payment | $190 | $190 | $190 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $850 | $919 | $1,162 |
Total Monthly Payment | $1,115 | $1,184 | $1,427 |
* 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.