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Why Buy This Home? (New Pricing Alert!!) Welcome to Timber Lake Estates, the last of Wesley Chapel's affordable living. Timber Lake is an all-age community with low HOA fees providing secured gate access, landscaping, water, sewer, and recycling. Discover the perfect blend of luxury and affordability in this recently remodeled home. Updates in 2021 include a new metal roof, new windows, and exterior siding with radiant barrier walls. This tasteful cottage-style home screams convenience. The air circulation and temperature control are incredibly efficient with the use of multiple split units. Enjoy endless showers with a tankless on-demand hot water heater. Current homeowners experience very low electricity bills. This home also features smart technology throughout. Timber Lake Estates is minutes away from shopping centers, restaurants, and recreational amenities; this area is attracting families and professionals from all over the world. The school district's school of choice program is renowned for its excellence, providing top-notch educational opportunities for families of all ages. Residents enjoy a suburban lifestyle with easy access to urban conveniences, making Wesley Chapel the ideal place to call home. Talk with your agent about the special home warranty! This is a Fannie Mae-approved lending community. Ask your lending agent for details.
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Our Executive Mortgage Banker:
Our Insurance Division:
$154,000
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 | $123,200 | $123,200 | $123,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.628% | 5.866% |
| Monthly Tax Payment | $143 | $143 | $143 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $738 | $778 | $1,015 |
| Total Monthly Payment | $956 | $996 | $1,233 |
* 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.