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Presented by
The Magyar Team |
Rarely available 2, 200 sq ft townhouse in The Banyans of South Miami, a well-established and conveniently located community. This two-story home offers three bedrooms, two and a half bathrooms, and an additional room that works well as a home office, den, or playroom. The bedrooms feature high ceilings and generous closet space, with the primary bedroom opening to a private balcony overlooking the backyard. Both front and rear outdoor areas provide comfortable space to unwind or gather with friends. The open kitchen connects naturally to the living areas. The home is move-in ready and thoughtfully laid out for everyday living. The Banyans is centrally located near South Miami Hospital, US-1, and the Palmetto Expressway. The unit includes a one-car garage plus an additional parking space. Residents have access to a community pool, gazebo, and tennis courts. The condo fee covers homeowners insurance, amenities, and common area maintenance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.912.7800
TheMagyarTeam@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $719,200 | $719,200 | $719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $967 | $967 | $967 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,312 | $4,428 | $6,069 |
| Total Monthly Payment | $5,371 | $5,487 | $7,128 |
* 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.