SALES PRICE: | $295,000 |
LOAN TERM: | 30 years |
PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$289,656 |
NO |
Interest Rate |
5.750% |
NO |
Monthly Principal & Interest |
$1,690.35 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$1,690.35 |
$ |
|||||||||||
Mortgage Insurance |
+ 202.00 |
+ |
|||||||||||
Estimate Escrow |
+ 520.00 |
+ |
|||||||||||
Estimated Total |
$2,412.35 |
$ |
|||||||||||
Estimated Taxes, Insurance |
|
Costs at Closing |
||
Estimated Closing Costs |
$18,583 |
Includes $14,770 in Loan Costs + $3,813 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$10,977 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$5,852 |
|
1.960 % Loan Origination (Points) |
$5,677 |
|
Lender Document Attorney Preparation Fee |
$175 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$1,878 |
|
Homeowner’s Insurance Premium ( 12 months) |
$1832 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($46.26 / day for 1 days @ 5.75 %) |
$46.26 |
|
PropertyTaxes ( months) |
B. Services You Cannot Shop For |
$6,276 |
|
Appraisal Fee |
$670 |
|
Credit Report Fee |
$50 |
|
Contract Processing Fee |
$500 |
|
Flood Certification |
$6 |
|
Tax Service Fee |
$69 |
|
Up-Front Mortgage Insurance Premium |
$4,981 |
|
G. Initial Escrow Payment at Closing |
$1,560 |
|
Homeowner’s Insurance $152.67 per month for 3 mo. |
$458 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $367.26 per month for 3 mo. |
$1,102 |
|
H. Other |
$250 |
|
HOA Transfer Fees |
$250 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$3,813 |
C. Services You Can Shop For |
$2,642 |
|
Survey Fee |
$450 |
|
Title - Lender's Title Insurance |
$1676 |
|
Title - Settlement/Escrow Fee |
$450 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$18,583 |
|
D + I |
$18,583 |
|
Lender Credits |
Calculating Cash to Close |
||
Total Closing Costs (J) |
$18,585 |
|
Closing Costs Financed (Paid from your Loan Amount) |
-$4,981 |
|
Down Payment/Funds from Borrower |
$10,325 |
|
Deposit (1% of Purchase Contract) |
-$2,950 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$10,979 |
D. TOTAL LOAN COSTS (A + B + C) |
$14,770 |
Joan,
No tengo palabras para agradecerles todo lo que han hecho por nosotros, mi Esposa y yo estamos muy felices de que nos ayudaron a realizar nuestro sueño de comprar la casa que tanto esperamos. Este fue un gran trabajo de ustedes, cuando todo parecia muy complicado, siempre encontraron la solucion, siempre nos dieron mucho aliento para continuar, y nunca nos dejaron solos. Joan, gracias por conseguirnos locked rate de 3.875% cuando habiamos iniciado con 4.25%. Gracias por tomar nuestras llamadas y responder nuestras dudas a toda hora, siempre con la major actitud. Los recomendamos 100%. Gracias por hacer lo imposible posible, los voy a recomendar con todos mis amigos.
Un abrazo! Fausto
Thanks Joan for you amazing work and even better interest rate. Anyone looking to buy a home I recommend this company. Very professional, knowledgeable, experienced and available professional. I like to equally thank Patricia for answering all my questions throughout the entire process. You guys rock!!!
Agradecer a todo el equipo de clear lending y en especial a Joan Gallardo por hacer lo que ningun banco ha hecho por mi. En todos los bancos que llame inclusivo el mio, me cerraron las puertas y tras hablar con Joan y leer los reviews senti que estaba con la persona correcta. Todo lo que lei se ha hecho realidad con mi caso. Gracias por su ayuda. Mi esposa y un servidor le estamos muy agradecidos por trabajar tan duro para obtener una aprobacion final. Le estaremos eternamente agradecidos.