07/27/2026
Special Rate Buy Down!
15531 Islandwalk Ave in Lorraine Lakes/Lakewood Ranch
3Bed / 3Bath pool home on water
Seller is offering a 2-1 temporary mortgage rate buydown with an acceptable offer. This program reduces your monthly mortgage payment by hundreds of dollars during your first two years of homeownership, helping you ease into your new home while potentially saving you more than $11,000 during the buydown period.
Save approximately $11,300 on your mortgage payments during your first two years!
Example (with 20% down):
*Purchase Price: $629,000
*Down Payment: $125,800 (20%)
*Loan Amount: $503,200
At a standard 6.25% interest rate:
• Monthly Principal & Interest: $3,098
With the seller’s 2-1 Temporary Rate Buydown:
Year 1: Approximately $2,475/month (Save about $623/month or $7,476 for the year.)
Year 2: Approximately $2,778/month (Save about $320/month or $3,840 for the year.)
Total estimated savings over the first two years: approximately $11,316!
RANDY FALLON, Real Estate Advisor
Residential and Commercial
Coldwell Banker Realty | Sarasota Downtown
100 N Tamiami Trail, Sarasota FL 34236
D: 941.321.0997 | E: [email protected]
W: RandyFallon.com
Buy - Sell - Invest - Residential - Commercial
Sarasota Downtown | Lakewood Ranch