BEST VALUE IN CAPE CORAL - HOME WARRANTY INCLUDED - NO HOA - FHA, VA LOAN ELIGIBLE! LOW COST HOME WITH HOME WARRANTY! OUT OF SPECIAL FLOOD HAZARD AREA! NO WATER OR HURRICANE DAMAGE! PERFECT FOR FIRST TIME BUYERS! NOW IS YOUR CHANCE TO SNAG THIS ADORABLE COASTAL STYLE HOME in Cape Coral, Florida! Recently appraised over list price, with updates for FHA Loan approval, including well and septic inspection and cleaning, new water pump, main electrical breakers replaced, in addition to the BRAND NEW ROOF! New owners don’t worry, a home warranty is also included! PERFECT FOR FIRST-TIME BUYERS! HUGE FENCED BACKYARD! Whether you’re dreaming of a play area for the kids, a space for pets to run free, or even adding a pool, this home has endless potential! Plus, it’s loaded with updates, including an adorable kitchen and BRAND NEW ROOF for stress-free living! Located just minutes from I-75, the airport, and the best beaches, shopping, and dining in the area – this gem won't last long! Act fast and make this your dream home today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$284,900
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 | $227,920 | $227,920 | $227,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $96 | $96 | $96 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,516 | $1,515 | $1,954 |
Total Monthly Payment | $1,687 | $1,686 | $2,125 |
* 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.