Presented byJennifer Mocciolo - Marlene Fischer Homes Team |
Under Construction. The Bennett floor plan features 1, 347 square feet of delightfully divided living space between two floors. Spacious owner's suite features seating nook and en-suite bath with dual sinks and walk-in closets. Down the hall, enjoy the ease of second floor laundry near the two guest bedrooms with shared full bathroom that offer plenty of privacy and storage . Spacious kitchen overlooks the open family and dining room. The large lanai is ideal for spending a lazy day reading or enjoying extra entertainment space with guests. Ample storage on first floor between pantry, coat closet and under-staircase closet so all toys and hobbies have a hiding spot. The one-car garage keeps your auto safe from the elements rain or shine. Lorraine Lakes is a gated masterplan community in Lakewood Ranch, FL. The community is surrounded by thousands of acres of lakes, parks and nature preserves, 150 miles of trails, the Sarasota Polo Club and tons of local shops and eateries for residents to enjoy. Sarasota and its sugar sand beaches are minutes away. Estimated completion date is May/June 2024.
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Our Executive Mortgage Banker:
Our Insurance Division:
$307,298
Sales Associate
William Raveis Real Estate
Phone: 203.465.8066
Jennifer.Mocciolo@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $245,838 | $245,838 | $245,838 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $48 | $48 | $48 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,698 | $1,634 | $2,108 |
Total Monthly Payment | $1,821 | $1,757 | $2,231 |
* 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.