2/8/2010 11:47:40 PM
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The Meadows At Oakwood

Oakwood Village, OH

The Meadows At Oakwood Community

School District: Bedford City School District

Contact: (440) 232-5534

Location: (Directions)

Hours: Mon 12-7, Tues-Thurs 11-7, Fri-Sun 11-6


Live in a setting as alluring as your home! The Meadows at Oakwood presents homebuyers with an exceptional value – luxurious single-family homes nestled into Oakwood Village, a prime location ideally situated adjacent to the I-271/I-480 corridor. You’ll enjoy easy access to downtown Cleveland, Solon shopping center, work centers and Cleveland Metro Parks.

• Located in Oakwood Village, OH
• Up to 4 bedrooms and 2 ½ bathrooms
• 2-car garage
• Custom options include: finished and/or walk-out basement, morning room, 3rd bath, hardwood and ceramic floors, 9’ ceilings and brick fronts
• Luxurious single-family homes at remarkably affordable prices
• Easy access to downtown Cleveland, Solon shopping center and Cleveland Metro Parks
• Close to prime employment centers
• Adjacent to the I-271/I-480 corridor

Directions:

-Take I-271 to Rockside Rd. E.
-Right on Aurora Rd.
-Right on Richmond Rd.
-Proceed 1.5 mi. to community on right

Models Available

Starting from the Upper $160's

**Limited time only. Financing based on a 30 Year Conventional loan, with an interest rate of 4.875%, an APR not to exceed 5.632%, and 5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance and estimated tax savings based on a 28% income tax rate. We recommend that you consult a Certified Public Accountant regarding your specific tax situation and details. Monthly payment does not include homeowner's association dues. The borrower is paying 0.125 discount point(s). A 1% origination fee is paid by the buyer. Mortgage insurance is included in these examples because the LTV is 95%. Qualifying and rates on loan programs may vary based on credit criteria, final amount of down payment, and are subject to current market pricing. APR may vary depending on rate and final loan program. Certain restrictions may apply. Rates effective 2/8/2010 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.

Product: 30 Year Conventional
Sales Price: $169,990
Interest Rate: 4.875%
Downpayment: 5%
Property Tax Rate: 1.66%
Origination Fee: 1%
Discount Points: 0.125%
Hazard Insurance: 0.2%
PMI: 0.89%
Up Front MI: 0%
Downpayment Estimate: $8,500
Loan amount: $161,491
Up front mortgage insurance amount: $00

  $199  (Principal)
+ $656  (Interest)
+ $235  (Property Tax Estimate)
+ $28  (Hazard Insurance Estimate)
+ $120  (PMI Estimate)
+ $00  (Condo Fees)
- $182  (1st Year Tax Savings Estimate)
-------------------
$1,055 : Estimated Monthly Payment