SALES PRICE: | $600,000 |
LOAN TERM: | 30 years |
PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$582,000 |
NO |
Interest Rate |
6.250% |
NO |
Monthly Principal & Interest |
$3,583.47 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$3,583.47 |
$__ |
|||||||||||
Mortgage Insurance |
+ 160.05 |
+ __ |
|||||||||||
Estimate Escrow |
+ 993 |
+ __ |
|||||||||||
Estimated Total |
$4,736.52 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
Costs at Closing |
||
Estimated Closing Costs |
$17,277.81 |
Includes $11,317.81 in Loan Costs + $5,973 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$19,290.81 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$6,188.81 |
|
1.0333% of Loan Amount (Discount Points) |
$6,013.81 |
|
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 |
$2,799 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,700 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $99.66 / day for 1 days @ 6.250%) |
$99.66 |
|
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) |
$5,973 |
C. Services You Can Shop For |
$3,891 |
|
Survey Fee |
$475 |
|
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 |
$17,290.81 |
|
D + I |
$17,290.81 |
|
Lender Credits |
Calculating Cash to Close |
||
Total Closing Costs (J) |
$17,290.81 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$18,000 |
|
Deposit |
-$6,000 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$19,290.81 |
D. TOTAL LOAN COSTS (A + B + C) |
$11,317.81 |
My husband and I are very happy to give these 5 stars. From Haverhill, Massachusetts to Houston TX. ClearLending, with open doors, and with limitless help of Patricia and Joan, today we can say “We are home owner’s”. We are truly blessed! There was never an unanswered question or unanswered phone call. There were with us step by step even though we were 1900 miles away. We would like yo take this opportunity to say thank you! You guys are great!
FROM GOOGLE: Thank you, Mr. Joan and Patricia, for all your hard work and patience your team is a blessing to my family and I really appreciate everything you guys did for us to get our first home !!!
FROM GOOGLE: I am a Disabled Veteran who found Clear Lending online. I worked with Joan and did everything over the internet without ever actually meeting him in person. This was a great expeiernce and he was wonderful and helped me with the whole process and answered any questions i had. This is an A++++ service place for loans for veterans. Would reccomend them to any veteran even with less than perfect credit. This people are awesome and Joan helped me with everything. I would suggest every veteran use him