A ROOMY CABIN ON COWPEN LAKE. Right in the heart of North Central Florida in the area known as THE LAKE REGION is this cozy 2/2 cabin with lots of possible sleepover areas for the Big Family and parties or just your own quiet private retreat. The 1. 5 acre property is located on Cowpen Lake, known for its clearwater, as compared to other lakes. It is a fully recreational lake where you can enjoy Wake Surfing, Fishing, Swimming, Skiing, Kayaking, Tubing, Canoeing and more. This mostly block constructed home is perfecting set high on the lot with nice shady Oak Trees with a full length screened porch over looking 180 feet of lakefront with dock and a white sandy beach area for swimming. The property location is even great for those still commuting - its almost centrally located between Gainesville, Palatka, and Ocala Florida. Even the Historic Town of Melrose is nearby for eating out, cultural actives, vendors, first Friday art walks, regular music events and so much more. Your welcome to
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $231,920 | $231,920 | $231,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | $211 | $211 | $211 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,428 | $1,485 | $1,941 |
| Total Monthly Payment | $1,713 | $1,770 | $2,226 |
* 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.