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USDA Mortgage Rates

SALE PRICE: $180,000
LOAN TERM: 30 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$162,000

NO

Interest Rate

3.875%

NO

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

$761.78

NO

Does the loan have these features?

Prepayment Penalty

NO • As high as $3,240 if you pay off the loan during the first 2 years

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-7

Years 8-30

Payment Calculation

$761.78

$761.78

Mortgage Insurance

+

82

+

__

Estimate Escrow
Amount can increase over time

+

206

+

206

Estimated Total
Monthly Payment

$1,050

$968

Estimated Taxes, Insurance
& Assessments

Amount can increase over time

$206a
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

$8,054

Includes $5,672 in Loan Costs + $2,382 in Other Costs – $0 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$16,054

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

Closing Cost Details

Projected Payments

A. Origination Charges

$1,802

.25 % of Loan Amount (Points)

$405

Application Fee

$300

Underwriting Fee

$1,097













Other Costs

E. Taxes and Other Government Fees

$85

Recording Fees and Other Taxes

$85

Transfer Taxes




F. Prepaids

$867

Homeowner’s Insurance Premium ( 6 months)

$605

Mortgage Insurance Premium ( months)


Prepaid Interest ( $17.44 per day for 15 days @ 3.875%)

$262

PropertyTaxes ( months)


B. Services You Cannot Shop For

$672

Appraisal Fee

$405

Credit Report Fee

$30

Flood Determination Fee

$20

Flood Monitoring Fee

$32

Tax Monitoring Fee

$75

Tax Status Research Fee

$110











G. Initial Escrow Payment at Closing

$413

Homeowner’s Insurance $100.83 per month for 23mo.

$202

Mortgage Insurance per month for 0 mo.


Property Taxes $105.30 per month for 2 mo.

$211



H. Other

$1,017

Title – Owner’s Title Policy (optional)

$1,017

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

$2,382

C. Services You Can Shop For

$3,198

Pest Inspection Fee

$135

Survey Fee

$65

Title – Insurance Binder

$700

Title – Lender’s Title Policy

$535

Title – Settlement Agent Fee

$502

Title – Title Search

$1,261







J. TOTAL CLOSING COSTS

$8,054

D + I

$8,054

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$8,054

Closing Costs Financed (Paid from your Loan Amount)

$0

Down Payment/Funds from Borrower

$18,000

Deposit

-$10,000

Funds for Borrower

$0

Seller Credits

$0

Adjustments and Other Credits

$0

Estimated Cash to Close

$16,054

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

$5,672

Customers Reviews:

  • Zulma Y Carlos • May 14, 2016

    Gracias Sr. Gallardo por realizarnos nuestro sueno de tener nuestra propia casa, por asignarnos un buen realtor, apreciamos todo el tiempo que ud dedico para obtener el mejor de los creditos y el mejor interes para nosotros, pocas personas encontramos como ud. totalmente dedicado y enfocado a darnos el tiempo necesario en cualquier momento y hora, son una mortgage totalmente seria, nosotros lo recomendamos 100% Dios le bendiga siempre.

  • Natalia y Juan Ochoa • August 27, 2013

    Buenas noches Joan,

    Espero que este mensaje lo encuentre bien. Le escribo para darle las gracias por su ayuda y apoyo durante el proceso del préstamo de nuestra casa, aprecio su servicio y interés ante la situación y mas que todo su eficiencia y profesionalismo para realizarlo.

    De nuevo mil gracias por ser parte de este momento tan importante para nosotros . Le deseamos la mejor de la suerte a usted y a su empresa.

    Esperamos seguir en contacto para un futuro.

    Un cordial saludo,

    Natalia y Juan

  • 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

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