SALES PRICE: | $600,000 |
LOAN TERM: | 15 years |
PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$582,000 |
NO |
Interest Rate |
5.750% |
NO |
Monthly Principal & Interest |
$4,832.99 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-15 |
Years |
|||||||||||
Payment Calculation |
$4,832.99 |
$ __ |
|||||||||||
Mortgage Insurance |
+ $140.65 |
+ __ |
|||||||||||
Estimate Escrow |
+ $933 |
+ __ |
|||||||||||
Estimated Total |
$5,906.64 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
Costs at Closing |
||
Estimated Closing Costs |
$17,707 |
Includes $11,759 in Loan Costs + $5,948 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$19,707 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$6,655.57 |
|
1.1134 % of Loan Amount (Points) |
$6,480.57 |
|
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 |
$2,774 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,700 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $73.75 / day for 1 days @ 4.625%) |
$74 |
|
PropertyTaxes ( months) |
B. Services You Cannot Shop For |
$1,238 |
|
Appraisal Fee |
$600 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$56 |
|
Flood Certification |
$7 |
|
Tax Service Fee |
$75 |
|
G. Initial Escrow Payment at Closing |
$2,799 |
|
Homeowner’s Insurance $225 per month for 3 mo. |
$675 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $708 per month for 3 mo. |
$2,124 |
|
H. Other |
$250 |
|
HOA Transfer Fees |
250 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$5,948 |
C. Services You Can Shop For |
$3,866 |
|
Survey Fee |
$450 |
|
Title - Abstract/Title Search Fee |
$100 |
|
Title - Lender's Title Insurance |
$2,755 |
|
Title - Settlement/Escrow Fee |
$495 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$17,707.57 |
|
D + I |
$17,707.57 |
|
Lender Credits |
Calculating Cash to Close |
||
Total Closing Costs (J) |
$17,707.57 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$18,000 |
|
Deposit |
-$6,000 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$19,707.57 |
D. TOTAL LOAN COSTS (A + B + C) |
$11,759.57 |
Would recommend 1000%!!!!! What an experience! Called Joan about buying a home and within 2 months, we looked at A LOT of homes, found one we loved, and closed within 30 days. Before calling Clear lending, I was stressed about the home buying process due to the COVID virus, never thought we would be able to close during a pandemic. Joan made the home buying experience simple and straightforward, answering all questions via phone and WhatsApp, and we also made sure to send all needed documentation in, when requested, to ensure a smooth close... The closing process was stressful due to the anticipation of wanting the process to come to an end, however, that's normal and Joan was readily available answering my never-ending questions. Joan truly cares about his clients and was in my corner throughout the process. Superexcellent home buying experience and a great person to work with. Thanks, Joan/clear lending!!!!
It is more than a pleasure to write this review in recognition to a work masterly well done by Joan Gallardo and his assistant Patricia Aparicio. We would be forever thankful because of them working as a knowledgeable team made our dream to own our first HOME became a marvelous reality. Now we as a family are enjoying to have our own place to live in. The road was not easy but they never gave up always giving and looking for options to take our process to end up with a happy ending and they actually did. Mission accomplished, thank you again, Joan and Patricia !!!! We definitely recommend Joan and his team at Clear Lending to anyone who really WANTS to have and live in their own houses. Lyda and Juan
Hola a todas aquella personas que siguen de cerca Clear lending houston tx. Primeramente decirles que no sientan miedo de tomar una decisión y acercarse para buscar información. Se que para muchos piensan que la compra de casa es un gran problema o un proceso tedioso, Yo también pensé lo mismo pero nada les puedo decir que desde que llegue a la oficina de clear lending donde fui bien recibido ya sabia que formaba parte de la gran familia que es clear lending por la buena atención el ambiente positivo y donde se respiraba aires de logro. Tambien les puedo decir que la profesionalidad y el conocimientos de estas personas hacen que este largo proceso sea menos pesado y mas agradable. Cuando existen personas que conocen lo que estan haciendo hacen los procesos mas faciles, les digo asi porque no solo es yo quiero tal casa o otra. Les digo que no, a lo largo de este proceso es donde comienzas a encontrar lo que quieres aprendes de varios tips que son proporcionados por un gran agente que es Joan gracias a su conocimiento y sus consejos logre obtener la casa que no pensé tener. Independientemente de pensar en mi presupuesto y mis posibilidades la ayuda suya fue muy importante para mi decisión final logrando cumplir este gran sueño.