Interest Rates
CONVENTIONAL Mortgage RatesSALE PRICE: | $225,000 | LOAN TERM: | 15 years | PRODUCT : | Fixed Rate |
Loan Terms | | Can this amount increase after closing? | Loan Amount | $180,000 | NO | Interest Rate | 3.875% | NO | Monthly Principal & Interest See Projected Payments below for your Estimated Total Monthly Payment | $846.43 | NO | | | Does the loan have these features? | Prepayment Penalty | | NO
| Balloon Payment | | NO |
Projected Payments | | | Payment Calculation | Years 1-7 | Years 8-30 | Payment Calculation | $846 | $846 | Mortgage Insurance | + __ | + __ | Estimate Escrow Amount can increase over time | + 554 | + 554 | Estimated Total Monthly Payment | $1,400 | $1,400 | Estimated Taxes, Insurance & Assessments Amount can increase over time | $554 month | This estimate includes | In escrow? | Property Taxes | YES | Homeowner’s Insurance | YES | Other: | | See Section G on page 2 for escrowed property costs. You must pay for other property costs separately. |
|
Costs at Closing | | | Estimated Closing Costs | $8,506 | Includes $5,731 in Loan Costs + $2,775 in Other Costs – $0 in Lender Credits. See page 2 for details. | Estimated Cash to Close | $51,781 | Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Closing Cost DetailsProjected Payments | | | A. Origination Charges | $2,620 | 0 % of Loan Amount (Points) | $0 | Lender Doc Prep Fee | $275 | Loan Origination Fee | $1,000 | Lender Fee | $850 | Processing Fee | 495 | | | | | | | | |
Other Costs | | | E. Taxes and Other Government Fees | $75 | Recording Fees and Other Taxes | $75 | Transfer Taxes | | | | F. Prepaids | $1,039 | Homeowner’s Insurance Premium ( 12 months) | $1,020 | Mortgage Insurance Premium ( months) | | Prepaid Interest ( $17.44 per day for 15 days @ 3.875%) | $19 | PropertyTaxes ( months) | |
B. Services You Cannot Shop For | $604 | Appraisal Fee | $500 | Credit Report Fee | $29 | Flood Report Fee | $6 | Tax Service Fee | $69 |
|
|
|
| | | | | | | | | | |
G. Initial Escrow Payment at Closing | $1,661 | Homeowner’s Insurance $85 per month for 3 mo. | $255 | Mortgage Insurance per month for 0 mo. | | Property Taxes $468.75 per month for 3 mo. | $1,406 | | | H. Other | $0 |
|
| | | I. TOTAL OTHER COSTS(E+F+G+H) | $2,775 |
C. Services You Can Shop For | $2,507 | Title - Search Fee | $100 | Survey Fee | $375 | Tax Service Fee | $66 | Title – Lender’s Title Policy Fee | $241 | Title – Owner's Title Policy Fee | $1,725 |
|
| | | | | | |
J. TOTAL CLOSING COSTS | $8,506 | D + I | $8,506 | Lender Credits | |
Calculating Cash to Close | | | Total Closing Costs (J) | $8,506 | Closing Costs Financed (Paid from your Loan Amount) | $0.00 | Down Payment/Funds from Borrower | $0.00 | Deposit | $0.00 | Funds for Borrower | $0 | Seller Credits | $0 | Adjustments and Other Credits | $1,725 | Estimated Cash to Close | $51,781 |
D. TOTAL LOAN COSTS (A + B + C) | $5,731 |
C:Rural Loans:USDA Loans for moderate income Families 0% down payment - 100% financing Improve Credit Scores:Ask us about our program to improve your credit scores... 550 Credit Scores?Don't worry and submit your information We will help you. Jumbo Loans:Upto 90% financing for purchases of up to $830,000.
|
|