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This is a great unit close to the Orlando Executive Airport and also close to UCF, Rollins College, Downtown Orlando and the Orlando International Airport (MCO). This is a perfect unit and well located for a couple who just got started, a college student or an executive who is in town for work purposes. Close to everything. The State highway 408 which leads to both airports, UFC, and everywhere in Florida. This is unit will not last, please rush!!1. Moreover, the seller will give a reasonable concession for interior paint and new blinds and ceiling fans. This unit is beautifully facing Conway Rd and over looking Westward, it could not be better located in the whole condominium. This unit is investor friendly. The last tenant was paying $1000 monthly, rent be way way more with a good update to flooring, appliances and paint. However, if an investor is interested to buy for investment and ultimately rent the unit, he or she will need to be placed on a waiting list to be able to rent the unit. Seller is not sure how long is the wait, but the potential buyer can contact the Association to find out the duration of the waiting period.
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Our Executive Mortgage Banker:
Our Insurance Division:
$140,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $112,000 | $112,000 | $112,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.577% | 5.986% |
| Monthly Tax Payment | $136 | $136 | $136 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $672 | $699 | $930 |
| Total Monthly Payment | $883 | $910 | $1,141 |
* 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.