This nice CLEARED OFF, lot is located in the Burnt Store area of Cape Coral -- one of the fastest growing areas in the city! Easy access to Old Burnt Store Rd to quickly get you where you need to go for shopping, commuting and recreation. Brand new homes are being constructed all over this area, including million dollar waterfront homes -- this is a sought-after area! Across the street is a nice wooded area owned by a resident, so no need to worry about having houses built there! This prime location offers you the opportunity to enjoy all the benefits of modern living. With all essential amenities, such as shopping centers, restaurants, and parks, just a stone's throw away, you'll have everything you need to live your best life. Plus, rest easy knowing that this property is located outside the flood zone, making it a safe and secure place to build your future. Cape Coral has more than 400 miles of navigable canals with several boat ramps available to the public to make boating and fishing easy and accessible for everyone. Looking for PARADISE? Don't miss out on this incredible opportunity to build the home you've always dreamed of!
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Our Executive Mortgage Banker:
Our Insurance Division:
$45,500
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 | $36,400 | $36,400 | $36,400 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $242 | $242 | $307 |
Total Monthly Payment | $317 | $317 | $382 |
* 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.