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Under Construction. What's Special: Loft | End Unit | Oversized Pantry | Close to Amenities | Pond View. New Construction – June Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Monarda at 2671 Balmerino Way in Southloch! A bright and airy great room opens to an inviting kitchen where the island invites cooking, gathering, and easy conversation in this townhome style condominium. A spacious rear lanai extends your living area outdoors, creating a peaceful place to relax. The first floor includes a convenient one-car garage and half bath. Upstairs, two charming bedrooms share a full bath, complemented by a cozy loft. The primary suite feels graceful and serene, featuring an oversized walk-in closet and double vanity. Thoughtful storage is found throughout, including a walk-in pantry, under-stair space, a linen closet, and a separate laundry area. Southloch is a gated community with a warm, inviting atmosphere and a lively spirit. Its ideal location places you minutes from historic downtown Mount Dora with its walkable streets, boutique shops, and beloved festivals. Planned amenities include a pool, cabana, hammocks, cornhole, a Nature Play Space, and a Monarch Butterfly Garden. Golfers will love the nearby Country Club of Mount Dora, easily reached by the golf cart trail that also connects to local shopping, making everyday living feel effortless and enjoyable. Additional Highlights Include: Whole house blinds. Photos are for representative purposes only. MLS#O6375672
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Our Executive Mortgage Banker:
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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 | $259,987 | $259,987 | $259,987 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,559 | $1,622 | $2,142 |
| Total Monthly Payment | $1,634 | $1,697 | $2,217 |
* 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.