Assumable FHA Mortgage And Termite Bond, Contact Agent. Conveniently located in the Golden Triangle, this home puts you just minutes away from the downtowns of Tavares, Eustis, and Mount Dora. The “Albany Model” is a 3BR, 2BA home, which features solid poured concrete wall construction and a 2-car garage on a private cul-de-sac within The Reserve At Chelsea Oaks neighborhood. This home has an enclosed Florida Room where you can enjoy a gorgeous backyard with numerous shade trees and plenty of play area. The Master Bath features twin sinks with updated faucets and light fixtures, a walk-in shower, a large garden tub, and separate water closet. In the heart of the home, you’ll find the spacious kitchen that features up-lights, toe lights, under-cabinet lights, recessed LED lighting, and new pendant lighting over the bar. The kitchen has all new LG stainless-steel range, refrigerator, microwave, and dishwasher (Nov. 2022). This home has been immaculately cared for and has a brand new roof, as of November 2023. New Rainbird Irrigation 06-2024. New lighting and fans throughout, and keyless entry for the front door and garage are other updates within the home. YMCA and other activities within walking distance. Shopping and Hospital within minutes of your front door.
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Our Executive Mortgage Banker:
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$387,500
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 | $310,000 | $310,000 | $310,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $415 | $415 | $415 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,062 | $2,036 | $2,614 |
Total Monthly Payment | $2,551 | $2,525 | $3,103 |
* 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.