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FHA Mortgage Rates

SALE PRICE: $205,000
LOAN TERM: 30 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$201,286

NO

Interest Rate

3.750%

NO

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

$932.19

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-30

Years

Payment Calculation

$932.19

$

Mortgage Insurance

+

140

+


Estimate Escrow
Amount can increase over time

+

460

+


Estimated Total
Monthly Payment

$1,532

$

Estimated Taxes, Insurance
& Assessments

Amount can increase over time

$460
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

$10,813

Includes $7,468 in Loan Costs + $3,010 in Other Costs – $0.00 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$7,111

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

Closing Cost Details

Projected Payments

A. Origination Charges

$803

0.153 % of Loan Amount (Points)

$308

Contract Processing Fee

$495













Other Costs

E. Taxes and Other Government Fees

$125

Recording Fees and Other Taxes

$125

Transfer Taxes




F. Prepaids

$1,330

Homeowner’s Insurance Premium ( 12 months)

$1020

Mortgage Insurance Premium ( months)


Prepaid Interest ( $20.68 per day for 1 days @ 3.750%)

$310

PropertyTaxes ( months)


B. Services You Cannot Shop For

$4,281

Appraisal Fee

$560

Credit Report Fee

$44

Document Preparation Fee - TX

$50

Flood Certification

$6

Funding Fee - TX

$100

Tax Service Fee

$69

Up-Front Mortgage Insurance Premium

$3462









G. Initial Escrow Payment at Closing

$1,380

Homeowner’s Insurance $85.00 per month for 3 mo.

$255

Mortgage Insurance per month for 0 mo.


Property Taxes $375 per month for 3 mo.

$1,125

H. Other

$175

HOA Transfer Fees

$175

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

$3,010

C. Services You Can Shop For

$2,384

Survey Fee

$406

Title - Lender's Title Insurance

$1562

Title - Settlement/Escrow Fee

$350

Title - Tax Certificate Fee

$66









J. TOTAL CLOSING COSTS

$10,478

D + I

$10,478

Lender Credits

Calculating Cash to Close

Total Closing Costs (J)

$10,478

Closing Costs Financed (Paid from your Loan Amount)

$0.00

Down Payment/Funds from Borrower

$0.00

Deposit

-$2,050

Funds for Borrower

$0.00

Seller Credits

-$1,317

Adjustments and Other Credits

$0.00

Estimated Cash to Close

$7,045

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

$7,468

Customers Reviews:

  • Gema Ibett • July 31, 2017

    Our experience with Joan was phenomenal. He worked diligently throughout the holidays last year to ensure we closed as promptly as possible. Will and have definitely recommended him to anyone else that's been looking. Thanks again for everything you did!

  • Jillian Daniell • November 05, 2015

    Thank you for all your hard work. I really appreciate it! Keep up the great work!

  • Ricardo Cruz • October 23, 2015

    I would like to thank Joan for everything he did for us. He is the best in the business and is very knowledgeable. He made the home buying process very enjoyable and he was available at any time to answer any questions we had. He was easy to contact and easy to talk to. I will be referring everyone I know to Joan. Thank you.

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