One or more photo(s) has been virtually staged. *****Assumable FHA loan with an interest rate of 3. 5%. Save hundreds monthly, call your local realtor for more information****** Plus updated price reduction makes this the best deal in the market today ***** Welcome to your dream home in the distinguished, semi-gated community of Altamonte Springs, just minutes from the vibrant heart of downtown Orlando. This stunning 3-bedroom, 2. 5-bathroom executive residence boasts an amazing blend of luxury and comfort. As you step inside, you’ll be greeted by soaring cathedral ceilings that create an airy, open atmosphere throughout the home. The expansive living areas are adorned with newly installed flooring that complements the home's elegant design. The heart of this home is its fully remodeled kitchen, featuring sleek granite countertops, state-of-the-art appliances, and custom cabinetry, making it a perfect space for both everyday living and entertaining guests. Retreat to your master suite, where you can enjoy serene lake views and a spa-like en-suite bathroom. Two additional well-appointed bedrooms provide ample space for family or guests. Step outside to your private oasis: a beautifully landscaped backyard with a pristine swimming pool, offering a picturesque view of the serene lake. This outdoor space is perfect for relaxing or hosting gatherings in style. Additional features include a roof that’s only a few years old, ensuring peace of mind and durability. Don’t miss the opportunity to own this exceptional home where modern elegance meets tranquil lakeside living. Schedule a private showing today and experience the ultimate in Florida luxury living! To get the 3. 5% rate the buyers must qualify with the current lender and assume the remaining 28-year mortgage of roughly $398k with a monthly payment of $2, 834. 94 Plus have the remaining balance of the contract sale price.
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Our Executive Mortgage Banker:
Our Insurance Division:
$494,900
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 | $395,920 | $395,920 | $395,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $432 | $432 | $432 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,634 | $2,631 | $3,339 |
Total Monthly Payment | $3,141 | $3,138 | $3,846 |
* 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.