2683 Amati Drive · Tapestry (Guard-Gated) · Kissimmee, FL 34741 · MLS# O6410751
Former Geneva MODEL HOME with 8-ft doors, soaring ceilings, and designer finishes. FOUR bedrooms on the main level including TWO primary suites and a guest ensuite with step-in shower — PLUS a dedicated office.
Upstairs, a spacious loft comes with its own fifth bedroom and full bath. The fenced backyard features a hot tub, and there's an oversized 3-car garage.
Enjoy a 24-hour guarded gate, resort pool with splash zone and cabanas, and a fitness center. You're minutes from The Loop shopping, roughly 20 minutes to Disney, and about 25 to Orlando International.
Qualified buyers may assume the seller's existing mortgage at 2.65% (subject to lender approval) instead of financing at today's rates.
At 2.65% (assumable)
$1,550
est. monthly P&I
At 7.03% (today)
$2,202
est. monthly P&I
You could save
$652/mo
Per year
$7,828
Estimates for illustration only — principal & interest; 24-year term for the assumable loan and 30-year term for the market comparison. Assumption requires lender approval and buyer qualification; buyer covers the difference between the assumable balance and purchase price. Seller also offering a $10,000 credit toward closing costs or rate buydown with acceptable offer. Not financial advice — confirm all figures with your lender. The assumable balance is approximate and reduces with every monthly payment. Exact payoff figures, assumption fees and lender terms will be provided at contract.
Understanding the structure
The seller's existing loan has approximately $330,000 remaining at 2.65% with roughly 24 years left. At the $699,000 list price, a buyer who assumes takes over the approximately $330,000 loan and covers the $369,000 difference.
Option 1
Buyer brings $369,000 and takes over the existing loan at 2.65%. Monthly principal and interest: about $1,550.
Versus a conventional purchase with 20% down: a $559,200 loan at about 7.03%, costing roughly $3,732 per month. Assuming saves about $2,182 every month, roughly $262,000 over ten years.
Option 2
Lead with a $150,000 second at about 8.44% over 30 years: the buyer assumes the approximately $330,000 first at 2.65% and brings about $219,000 cash down, or roughly 31% down. The second loan payment is about $1,147 per month. The combined payment is near $2,697 per month, beating the conventional payment of about $3,732 by roughly $1,035 every month. That is a blended effective rate of about 5.40% across the $480,000 financed versus 7.03% on the open market. Second-mortgage pricing varies by credit profile and lender: figure roughly 7.5% to 8.5% for a well-qualified buyer at this combined loan-to-value. As a lower-cash alternative, a $200,000 second at about 8.44% over 30 years means about $169,000 cash down, or roughly 24% down, a second payment near $1,529 and a combined payment of about $3,079, still roughly $653 per month below conventional. If the buyer would rather build equity faster, the same $150,000 second over 15 years runs about $1,472 per month for a combined $3,022, saving about $710 per month versus conventional, a blended rate near 5.56%; the monthly payment is higher but both loans amortise over shorter terms.
Option 3
Buyers relocating from a higher priced market typically use the equity from the home they are selling as the cash portion, which is the most common way an assumption is funded.
On the conventional path, $10,000 is roughly 1.79 points on a $559,200 loan and buys about 0.45% off, taking 7.03% to about 6.58%. The payment moves from about $3,732 to about $3,565, saving roughly $167 a month with a five-year breakeven.
Year one runs about 5.03% at roughly $2,798 a month, year two about 6.03% at roughly $3,130, and year three onward returns to 7.03% at $3,732. The $10,000 covers most of the roughly $12,341 cost.
All figures are estimates for illustration only and exclude taxes, insurance and HOA dues. An assumption requires lender approval and buyer qualification, involves an assumption fee, and typically takes longer to close than a conventional purchase. Ask your lender whether a second mortgage can be placed behind the assumed loan. The assumable balance is approximate and reduces with every monthly payment. Exact payoff figures, assumption fees and lender terms will be provided at contract.
Pick a 30-minute slot that works for you — showings confirmed same day.
📅 Book a Private ShowingQualified buyers may apply to assume the seller's existing mortgage at its 2.65% rate, subject to lender approval and qualification. The buyer covers the difference between the loan balance and the purchase price in cash or secondary financing. Ask your lender to run the numbers — the monthly savings vs today's rates are substantial.
Guard-gated Tapestry · next to The Loop shopping district · ~20 min to Disney
Buyer's Agents: 3% Commission Offered · Easy Same-Day Showings