BRAND NEW CONSTRUCTION!! Lennar Homes is excited to announce their new home options available on a Cape Coral Canal! For water enthusiasts, this home provides direct access to the Gulf, allowing for endless opportunities for boating, fishing, and water sports. Whether you're exploring the scenic canals or venturing out to the open waters of the Gulf, the possibilities are limitless. This single-story home features a split floorplan divided by an open layout among the Great Room, kitchen and dining room, with access to the covered lanai for outdoor entertaining. On one side is the private owner’s suite, while two secondary bedrooms are across the way. A den and three-car garage offer extra storage space. The highlights of this residence is its outdoor oasis, featuring a sparkling pool and inviting hot tub, ideal for unwinding under the sun or stars. Whether you're hosting a barbecue with friends or enjoying a quiet evening with loved ones, this outdoor retreat offers the perfect backdrop for creating lasting memories. Prices and features may vary and are subject to change. Photos are for illustrative purposes only. Estimated delivery date is February/March 2025.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
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 | $1,036,000 | $1,036,000 | $1,036,000 |
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 | $382 | $382 | $382 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,634 | $6,634 | $9,096 |
Total Monthly Payment | $7,141 | $7,141 | $9,603 |
* 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.