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Interest Rates - CLICK HERE - Rates are subject to change without notice

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FHA Mortgage Rates

SALE PRICE: $180,000
LOAN TERM: 15 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$176,739

NO

Interest Rate

3.250%

NO

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

$1,241.89

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-15

Years

Payment Calculation

$1,241.89

$__

Mortgage Insurance

+

123

+

__

Estimate Escrow
Amount can increase over time

+

350

+

__

Estimated Total
Monthly Payment

$1,714.89

$__

Estimated Taxes, Insurance
& Assessments

Amount can increase over time

$350
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

$2,781

Includes $6,552 in Loan Costs + $2,042 in Other Costs – $5,813 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$7,753

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

Closing Cost Details

Projected Payments

A. Origination Charges

$745

0 % of Loan Amount (Points)

$0.00

Lender Document Preparation Fee

$250

Processing Fee

$495













Other Costs

E. Taxes and Other Government Fees

$75

Recording Fees and Other Taxes

$75

Transfer Taxes




F. Prepaids

$916

Homeowner’s Insurance Premium ( 12 months)

$900

Mortgage Insurance Premium ( months)


Prepaid Interest ( $15.74 per day for 1 days @ 3.25%)

$16

PropertyTaxes ( months)


B. Services You Cannot Shop For

$3,704

Appraisal Fee

$560

Credit Report Fee

$29

Flood Certification Fee

$6

Mortgage Insirance Premium

$3,040

Tax Service Fee

$69













G. Initial Escrow Payment at Closing

$1,050

Homeowner’s Insurance $75 per month for 3 mo.

$225

Mortgage Insurance per month for 0 mo.


Property Taxes $275 per month for 3 mo.

$825



H. Other

$0.00

Title – Owner’s Title Policy (optional)

$0.00

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

$2,040

C. Services You Can Shop For

$2,103

Survey Fee

$375

Tax Certificate Fee

$66

Title  Title Search

$100

Title – Lender’s Title Insurance

$234

Title – Owner’s Title Insurance

$1,328









J. TOTAL CLOSING COSTS

$8,592

D + I

$8,592

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$2,781

Closing Costs Financed (Paid from your Loan Amount)

$0.00

Down Payment/Funds from Borrower

$6,300

Deposit

$0.00

Funds for Borrower

$0.00

Seller Credits

$0.00

Adjustments and Other Credits

$1,328

Estimated Cash to Close

$7,753

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

$6,552

Customers Reviews:

  • Litanya Bright • May 12, 2017

    I am so so excited, I have closed on my home and it was all made possible with the help of Joan and his team (Patricia and Elena) at Clear Lending Home Mortgage. When I first started the process of getting approval for my home, I was nervous and scared of the unknown of being a first time homebuyer and with the Interest Rates steadily increasing would I be able to get a good rate. Well after speaking to Joan for the first time via phone he assured me he would do his best to make it happen and he quickly put my mind at ease. Not only did I close in a little over 30 days, he also managed to get me an Interest Rate of 3.671% . From beginning to the end of the process, the staff at Clear Lending was professional, quick and took great care of making sure that I was informed every step of they way. A special "Thank You" to Joan.. for your hard work, honesty, and dedication in being a dream maker and making my dream of becoming a homeowner true!! I would gladly recommend Clear Lending to anyone looking to purchase a home.

  • Denita Hawkins • July 19, 2017

    Thank you Joan! You TRANSFORMED a Nightmare into a DREAM!

  • Carolyn De Leon • December 22, 2016

    Good afternoon Joan, thank you so much for all your hard work and patience during this journey. I know it was not easy but we made it. I hope God continues to use you to help make other people's dreams come true. You and your team have been a blessing to my family. Have a Merry Christmas and a most wonderful and prosperous New Year!!!!! Once again, Thank you and Best Regards Carolyn De Leon

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