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VA Mortgage Rates

SALE PRICE: $350,000
LOAN TERM: 30 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$357,525

NO

Interest Rate

3.875%

NO

Monthly Principal & Interest
See Projected Payments below for your Estimated Total Monthly Payment

$1,681.22

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-30


Payment Calculation

$1,681.22

$

Mortgage Insurance

+

__

+

__

Estimate Escrow
Amount can increase over time

+

$510.00

+

__

Estimated Total
Monthly Payment

$2,191

$

Estimated Taxes, Insurance
& Assessments

Amount can increase over time

$510
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

$19,245

Includes $16,357 in Loan Costs + $2,888 in Other Costs – $0 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$6,060

Includes Closing Costs. See Calculating Cash to Close on page 2 for details.

Closing Cost Details

Projected Payments

A. Origination Charges

$4,148

0.5 % of Loan Amount (Points)

$1,788

Document Review Fee

$85

Loan Origination Fee

$1,000

Transaction Fee

$575

Warehouse Fee

$700









Other Costs

E. Taxes and Other Government Fees

$125

Recording Fees and Other Taxes

$125

Transfer Taxes




F. Prepaids

$1,058

Homeowner’s Insurance Premium ( 12 months)

$1,020

Mortgage Insurance Premium ( months)


Prepaid Interest ( $37.96 per day for 1 days @ 3.875%)

$38

PropertyTaxes ( months)


B. Services You Cannot Shop For

$8,939

Appraisal Fee

$495

Contract Processing Fee

$500

Credit Report

$44

Document Preparation Fee

$300

Flood Certification Fee

$6

Tax Service Fee

$69

VA Funding Fee

$7,525









G. Initial Escrow Payment at Closing

$1,530

Homeowner’s Insurance $85 per month for 3 mo.

$255

Mortgage Insurance per month for 0 mo.


Property Taxes $425 per month for 3 mo.

$1,275



H. Other

$175

HOA Transfer Fees

$175

I. TOTAL OTHER COSTS(E+F+G+H)

$2,888

C. Services You Can Shop For

$3,270

Survey Fee

$406

Title - Lender's Title Insurance

$2,448

Title - Settlement/Escrow Fee

$350

Title - Tax Certificate Fee

$66










J. TOTAL CLOSING COSTS

$19,245

D + I

$19,245

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$19,245

Closing Costs Financed (Paid from your Loan Amount)

-$7,525

Down Payment/Funds from Borrower

$0.00

Deposit

-$3,500

Funds for Borrower

$0.00

Seller Credits

$0.00

Adjustments and Other Credits

-$2,160

Estimated Cash to Close

$6,060

D. TOTAL LOAN COSTS (A + B + C)

$16,357

Customers Reviews:

  • Claudia Diaz • February 07, 2018

    It was an amazing experience. My family and I are extremely thankful for all the hard work Joan and his team , above all Ms Elena and Ms Patricia. They all made our first time buying a home just as easy as it could be , even though my husband had to fix his credit. They told us what to do and what to work in order for us to improve his credit score . They fallowed us and Guided us for almost a year and then when we could be able to buy the process did not last a month . We were approved very quickly and the whole process was very fast , they work very fast and they work with you , they are an excellent team and I would recommend them 100% sure that they will do an excellent job helping you to buy the perfect house . Thank you so much , I am so deeply thankful.

  • Alejandro Paredes • April 18, 2018

    First and foremost I want to thank the entire Clear Lending team for this incredible experience. Joan Gallardo was very professional and honest throughout this whole process. He took the time to explain everything step by step and at any time of day. I am a DACA recipient and that wasn't no issue at all for Mr. Joan to get me a loan for the low rate of 3.875% interest. To me that is amazing and very appreciated because other loan companies told me I was not able to get a interest rate like that because I was a DACA recipient. I highly recommend Clear Lending for DACA recipients because they opened the doors for me so I can accomplish my dreams of purchasing my first home. Patricia was also very attentive to my process and helpful every step of the way. Mrs. Rosa Iraheta was my realtor who helped me look for the home and made sure it met all my expectations. I can't thank you enough for all the time and hard work you and the whole Clear Lending team put for me and my family to be here today in our new home. May God bless you all! And Thank you!

  • Rodolfo Garcia • July 25, 2018

    Joan and the rest of staff at Clear Lending did an amazing job. Taking the time to explain all the details and taking all the right steps on getting me into a home. I recommend anyone in the home buying market to contact him. He will take care of you.

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