South Miami New Construction! This Tropical Modern 2-story home will feature 4 spacious bedrooms and 3 modern baths. The open-concept design provides a seamless indoor/outdoor flow along with a stunning pool/deck perfect for enjoying South Florida living, and entertaining family and friends. Features: 2, 422 Liv SqFt/3, 113 Adj SqFt, high impact windows/doors, modern finishes, three bedrooms up, 1 down, and a 2-car garage for parking and storage. Mature trees on the property will provide natural shade and enhance the beauty of the home and surrounding area. Hurry for your chance to purchase a new home in this centrally located, highly sought-after area! Steps away from shops, parks, restaurants, entertainment, and top schools. Who is ready to call this fabulous house and neighborhood home?
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,800,000
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 | $2,240,000 | $2,240,000 | $2,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $796 | $796 | $796 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,343 | $14,529 | $19,667 |
Total Monthly Payment | $15,264 | $15,450 | $20,588 |
* 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.