mortgage Rate page 2

Interest Rates

  • USDA

    Mortgage Rates

  • VA

    Mortgage Rates

  • FHA

    Mortgage Rates

  • CONVENTIONAL

    Mortgage Rates









CONVENTIONAL Mortgage Rates

SALE 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 Details

Projected 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:

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  • CONVENTIONAL
    Mortgage Rates

    3.250%

    *Click Here For Loan Estimate Rates

  • USDA
    Mortgage Rates

    3.625%

    *Click Here For Loan Estimate Rates

  • VA
    Mortgage Rates

    3.125%

    *Click Here For Loan Estimate Rates

  • FHA
    Mortgage Rates

    2.875%

    *Click Here For Loan Estimate Rates

  • CONVENTIONAL
    Mortgage Rates

    3.250%

    *Click Here For Loan Estimate Rates

  • USDA
    Mortgage Rates

    3.625%

    *Click Here For Loan Estimate Rates

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