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Upto 90% financing for
Purchases of up to $830,000.
USDA Loans for moderate income Families
0% down payment - 100% financing
| 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 |
|
Mi esposa y yo recomiendamos ampliamente a Clear Lending ellos me ayudaron para ser aprobados con un loan para comprar nuestra casa por eso volvimos a llamarlos para refinanciar . Ahora nuestro pago es mas bajo y en menos anos. Tiene muchos anos de experiencia y un buen trato al cliente por eso no dude en llamarlos . Gracias Joan .
Joan is an awesome loan officer! Not only has he helped me but also my family and friends I referred him. He literally is available any time you have questions or need him. He makes the home buying/refinance process very stress free. With his professionalism and expertise, he finds a way to get you the house of your dreams. I highly recommend him!
Thank you for your professionalism and quick thorough response in working with my loan. Always very clear. Great experience, thank you!
