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Residency, Social Security or Income in the US
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First-Time Buyer, Rural and Veterans Programs
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Contact us to analyze your options.
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We will help you.
Upto 90% financing for
Purchases of up to $830,000.
USDA Loans for moderate income Families
0% down payment - 100% financing
| SALES PRICE: | $464,900 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$475,592 |
NO |
Interest Rate |
5.125% |
NO |
Monthly Principal & Interest |
$2,589.24 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
||||||||||||
Payment Calculation |
$2,589.24 |
$ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ $832.00 |
+ __ |
|||||||||||
Estimated Total |
$3,422.24 |
$ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$25,831 |
Includes $20,784 in Loan Costs + $5,049 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$4,489 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$4,824 |
|
1.000 % of Loan Amount (Discount Points) |
$4,649 |
|
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 |
$2,253 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,185 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($67.71 / day for 1 days @ 5.125%) |
$67.71 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$11,994 |
|
Appraisal Fee |
$670 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$56 |
|
Flood Certification Fee |
$6 |
|
Tax Service Fee |
$69 |
|
VA Funding Fee |
$10,693 |
|
G. Initial Escrow Payment at Closing |
$2,496 |
|
Homeowner’s Insurance $182.09 / month for 3 mo. |
$546 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $650 per month for 3 mo. |
$1,950 |
|
H. Other |
$175 |
|
HOA Transfer Fees |
$175 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$5,049 |
|
C. Services You Can Shop For |
$3,966 |
|
Survey Fee |
$450 |
|
Title - Abstract/Title Search Fee |
$100 |
|
Title - Lender's Title Insurance |
$2,855 |
|
Title - Settlement/Escrow Fee |
$495 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$25,831 |
|
D + I |
$25,831 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$25,831 |
|
Closing Costs Financed (Paid from your Loan Amount) |
-$10,693 |
|
Down Payment/Funds from Borrower |
$0.00 |
|
Deposit |
-$4,649 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$6,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$4,489 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$20,784 |
|
FROM GOOGLE: AWESOME! AMAZING! EXPERIENCED! I can go on and on with adjectives to describe this guy! If you need a loan officer/realtor that you can trust, then Joan is the guy for you! I am a first time home buyer; I just got out of a complicated loan process and was very scared to go through another process of purchasing a home again until I met Joan. With Joan, buying a home was very simple and straight forward. He took his time to educate me about the loan process, and it allowed me to make informed decisions. I decided on the conventional loan, and he worked very hard to ensure that I got a loan with a meager interest rate. He kept me updated throughout and ensured that I understood everything. The entire process was super fast, and we closed the deal very early paying lower than I had expected for closing costs. I strongly recommend "Joan Gallardo of Clear lending" to anyone out there who is interested in buying a home. He saves you time, money, energy, and guides you through the process. You won't regret it!
They have great customer service skills being available at all times. Joan advised me to go with an FHA loan program as the best option for first time buyers. I got a really good deal and smooth transaction. I truly recommend them.
OMG there are no words to express my gratitude for what you have done for me and my family. I wasnt sure you were even going to be able to help me but I gave a shot and I am sooooo grateful I found you. Anyone in need of a dedicated loan officer and team this is the place. Thank you guys so much. I will always be in debt to you. PD: Joan, Mark says the BBQ is coming soon!!! LOL
