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Rarely available Sumatra Grand cutting-edge home built by GL Homes in Lotus Palm of Boca Raton. This property by the cul de sac boasts one of the largest and deepest waterfront backyards on a 10, 000 square foot lot in Lotus Palm. Gently lived in for only one year. 5 bedrooms, 5 1/2 bathrooms and a 3 car garage. High-end custom large tile floors, a kitchen island and a natural gas cooktop. Resort-style living with an expansive brand new clubhouse boasting extensive amenities: 6 tennis courts, 5 pickleball courts, Crave restaurant and pool-side bar, fitness center, yoga garden, indoor basketball, children's arcade, gleaming pools and a spa. Located off Glades Road near all of Boca Raton's best shopping, dining, entertainment and top rated schools. Live a Floridian dream lifestyle! In the event this property is placed under contract with no contingencies and the contract subsequently terminates or expires for any reason other than a Seller default, the Seller and/or the Seller's Listing Broker is entitled to receive and/or retain the Earnest Money Deposit as liquidated damages. Unless expressly stated otherwise in the governing Contract, Buyer's broker/agent shall not be entitled to, nor receive, any portion of the Earnest Money Deposit retained by Seller and/or Seller's Listing Broker.
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William Raveis Real Estate
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $2,156,000 | $2,156,000 | $2,156,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | $2,482 | $2,482 | $2,482 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,582 | $12,926 | $18,048 |
| Total Monthly Payment | $15,189 | $15,533 | $20,655 |
* 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.