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Paraiso Bay on the waterfont: Remarkable Newly Remodeled and Expanded plan-finishing final touches for a new owner this week. 2 BR 3BA. Photos available soon. Can show as soon as May 8. You won’t find a 2 bedroom at Paraiso Bay community with these types of quality upgrades and finishes- a very special offering. Property is vacant for owner/user upon closing. Text me for list of upgrades and finishes too long to list here. Paraiso Bay amenities include 2 levels of luxury lifestyle appointments not seen in any other properties in Miami including 2 acre resort 100' diameter pool, jacuzzi and towel service, indoor spa, gym, cigar and wine rooms, surround theatre, multiple kitchens indoor and out, multiple club, business and social lounges, bowling alleys/game rooms. Walk to new Whole Foods.
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Our Executive Mortgage Banker:
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$1,230,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $984,000 | $984,000 | $984,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.739% | 6.560% |
Monthly Tax Payment | $1,218 | $1,218 | $1,218 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,979 | $6,301 | $8,504 |
Total Monthly Payment | $7,322 | $7,644 | $9,847 |
* 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.