Located on over an acre of land in Pine Ridge, yet less than 2 miles to the beach, this fully furnished custom home by Arthur Rutenberg Homes is currently under construction and scheduled for completion this Fall. The main house will feature a spacious great room, gourmet kitchen casual dining area, 3 ensuite bedrooms, a den, flex room, prep kitchen, home delivery center and 4 car garage. Attached by an extended covered cabana and outdoor kitchen is a Casita that offers a private bedroom, bath, kitchen and living room. . . . . perfect for visiting family. With over 900 sf of covered outdoor living space surrounding the resort style pool/spa, outdoor kitchen and fireplace, this home will be perfect for entertaining family and friends. Attached photos and video are renderings only.
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$6,950,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,560,000 | $5,560,000 | $5,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $1,298 | $1,298 | $1,298 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,601 | $35,601 | $48,816 |
Total Monthly Payment | $37,024 | $37,024 | $50,239 |
* 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.