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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:

  • Blanca y Esteban Martinez • January 31, 2014

    Estimado Joan,

    Tu y tu equipo han sido una bendición en nuestro cierre. Tu integridad, eficiencia y conocimiento en este ramo y el servicio al cliente durante nuestro proceso de compra, nos ha ayudado a tener una experiencia placentera y excelente! Hay mucha gente que hace un buen negocio, pero tu has hecho de este negocio algo BUENO y una realidad. Que Dios te bendiga y muchísimas gracias de nuevo!

    Blanca y Esteban Martínez

  • Destiny Dscott • April 01, 2015

    Joan is a great loan officer. I couldn't have asked for a better person. I had one loan officer that felt like she couldn't get me approved. Joan stepped in and was effective and very assertive. He made sure I got approved!

  • Rosalind Fears • January 28, 2018

    Joan was such a pleasure to work with! When Quicken denied my client's loan, Joan stepped in immediately and made every effort to make sure my client was approved. Joan was always available when I called. I am going to definitely refer him to future clients. Thanks Joan! It was a pleasure working with you.

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