This Mortgage Payment Estimator is provided
for your convenience and use in estimating the total monthly
mortgage payment under a home mortgage loan with our mortgage
company affiliate, CP Mortgage, to finance the purchase of
this home, assuming the stated sales price, down payment, loan
term, interest rate and other loan costs such as required escrow
reserves, property taxes, casualty insurance and Private Mortgage
Insurance (PMI), if applicable. This is an estimate only and
neither Meridian Homes, nor CP Mortgage warrant the accuracy
of this calculation or the availability of these assumed terms.
This estimate does not constitute a commitment to make you
a home mortgage loan on these or any other terms.
Available interest rates may vary daily and
are subject to determinations of individual creditworthiness
and other underwriting criteria. Your actual rate of interest
would be determined and guaranteed only after you make loan
application and enter into a written rate-lock agreement
with CP Mortgage. Property tax rates are subject to change
and should be verified with the appropriate taxing authorities.
Casualty insurance premiums are estimated based upon averages
in the specific neighborhood of this home for Texas "Homeowner's
Policy" coverage with standard deductibles, but may
vary significantly depending upon your specific coverage,
deductibles and choice of insurers.
Meridian Homes offers a "Financing
Incentive" to homebuyers who elect to finance the
purchase of their home through CP Mortgage. Homebuyers
may use this incentive to pay the origination fee or other
loan fees associated with obtaining the mortgage loan.
Our offer of this "Financing Incentive" will
be set out in a written form and given to the homebuyers
when contracting to purchase a new Meridian Home.
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