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Mortgage calculator
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*Taylor Morrison’s Mortgage Calculator is pre-populated with either a 3.5% downpayment FHA, a 20% downpayment Conventional program and may reflect market rate or Sample Forward Commitment Rate ("FCR"). The Mortgage Calculator is for informational and illustrative purposes only, actual numbers can and will vary and estimates only are offered, and the Mortgage Calculator may not reflect your actual financial situation. All default values are hypothetical only, may not apply to your specific circumstances, and you may select other options. Current advertised home prices may not include lot premiums, upgrades, and options (depending on stage of construction). The results displayed are only examples of monthly mortgage payments and cannot be used to determine the rate or loan terms for any actual mortgage loan. Featured Home’s selling entity is not a lender, does not offer financing, and this is not a loan offer. Estimated monthly payment includes principal, interest, property tax, Mortgage Insurance (FHA), homeowners insurance and Homeowner Association (“HOA”) dues. Conventional Financing with less than 20% down payment would require Mortgage Insurance and your payment will be higher. Additional monthly assessments or fees may apply and vary by community. Rates prepopulated in the calculator for the various programs are determined by borrower’s credit profile, program, purchase price, loan-to-value, and current market rates, which are subject to change without notice. The calculator may not reflect all loan options that may be available to you. FHA and Conforming loan limits may apply. If a Sample FCR is pre-populated for the Featured Home above, the sample interest rate in the calculator for FHA sample FCR 3.5% downpayment or Conventional sample FCR 20% downpayment is an example of rates that involve a sample FCR. Taylor Morrison periodically will lock in, through its affiliated lender, Taylor Morrison Home Funding, Inc. ("Affiliated Lender”), an interest rate for a pool of funds. An interest rate that involves a sample FCR is only available for a limited time until pool of funds is either depleted or interest rate expires. The sample FCR is not available on all homes or in all communities. The Temporary Buydown feature is for illustrative purposes only and is defined as an incentive when the seller contributes an amount of money at the time of loan closing. These funds will be used by your lender/servicer to pay a portion of your regular monthly mortgage payment for a specified period of time (between 1 and 3 years, depending on the program). This will reduce your monthly mortgage payments during that period. After that period expires, your monthly mortgage payments will be due at the full amount as provided in the note. Maximum contribution limits apply. The results are not a quote, price, guideline, or estimate for any Affiliated Lender product. Other restrictions may apply. Not all borrowers will qualify. Buyers are not required to finance through Affiliated Lender to purchase a home from Taylor Morrison; however, you must use Affiliated Lender to receive a sample FCR interest rate or Temporary Buydown if available, when purchasing a Taylor Morrison home. Taylor Morrison Home Funding, Inc. NMLS #8588, 495 North Keller Road, Suite 550, Maitland, FL 32751.
This Mortgage Calculator and related information should not be construed as financial, legal, or tax advice, or as a commitment to lend. Please consult your own advisor prior to entering into the Purchase Agreement. The Mortgage Calculator and related information are provided without legal obligation on Taylor Morrison, Inc.’s affiliated selling entities, including any duty to update or correct information herein. Your actual rate, payment and costs could be higher. Please contact a mortgage lender of your choosing for actual loan information (e.g., available rates and terms) and for requirements related to loan products.
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