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USDA Mortgage Rates

SALE PRICE: $343,750
LOAN TERM: 30 years
PRODUCT : Fixed Rate - Rates are subject to change without notice.

Loan Terms

Can this amount increase after closing?

Loan Amount

$350,765

NO

Interest Rate

3.625%

NO

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

$1,599.67

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-7

Years 8-30

Payment Calculation

$1,599.67

$1,599.67

Mortgage Insurance

+

145

+

4

Estimate Escrow
Amount can increase over time

+

670

+

670

Estimated Total
Monthly Payment

$2,414.67

$2,274.67

Estimated Taxes, Insurance
& Assessments

Amount can increase over time

$670
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

$15,775

Includes $12,515 in Loan Costs + $3,760 in Other Costs – $0 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$6,312

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

Closing Cost Details

Projected Payments

A. Origination Charges

$1,620

0 % of Loan Amount (Points)

$0.00

Doc Preparation Fee

$275

Lender Fee

$850

Processing Fee

$495











Other Costs

E. Taxes and Other Government Fees

$75

Recording Fees and Other Taxes

$75

Transfer Taxes




F. Prepaids

$1,175

Homeowner’s Insurance Premium ( 12 months)

$1,140

Mortgage Insurance Premium ( months)


Prepaid Interest ( $34.84 per day for 1 days @ 3.625%)

$35

PropertyTaxes ( months)


B. Services You Cannot Shop For

$7,619

Appraisal Fee

$500

Credit Report Fee

$29

Flood Determination Fee

$6

Mortgage Insurance Premium Fee

$7,015

Tax Service Fee

$69













G. Initial Escrow Payment at Closing

$2,010

Homeowner’s Insurance $95.00 per month for 3 mo.

$285

Mortgage Insurance per month for 0 mo.


Property Taxes $575.00 per month for 3 mo.

$1,725



H. Other

$0.00



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

$3,260

C. Services You Can Shop For

$3,276

Title - Title Search Fee

$100

Survey Fee

$375

Tax Certificate Fee

$66

Title – Lender’s Title Policy

$287

Title – Owner's Title Policy

$2,448









J. TOTAL CLOSING COSTS

$16,275

D + I

$15,775

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$15,775

Closing Costs Financed (Paid from your Loan Amount)

$7.015

Down Payment/Funds from Borrower

$0.00

Deposit

$0.00

Funds for Borrower

$0.00

Seller Credits

$0.00

Adjustments and Other Credits

$2,448

Estimated Cash to Close

$6,312

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

$12,515

Customers Reviews:

  • Beatriz Gonzalez • September 08, 2015

    Buenísimo Loan Officer!!!!!!! SUPER RECOMENDADO, gracias por hacer lo imposible posible; gracias por todo tu tiempo, apoyo y consejos. Excelente persona siempre tratando de ayudar y hacer más fácil el proceso. Siempre al pendiente y tratando de encontrar la mejor opción. La verdad nunca pensé que nos prestaran el dinero para comprar la casa y Joan lo consiguió!!!!!! Gracias por todas tus atenciones. Saludos Beatriz Gonzalez.


  • David Diaz • June 09, 2016

    Great and very professional experience. They stay true to their slogan Grandiosa Experiencia muy profesional trabajo, Gracias

  • Michelle Bautista • September 03, 2015

    I just want to take some time and thank Edgar, Joan, & Elena for helping my husband and I get our first home! They are by far the greatest team! Thanks to them our home loan went fast and easy. Once again thank you!!!

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