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VA Mortgage Rates

SALE PRICE: $225,000
LOAN TERM: 15 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$225,000

NO

Interest Rate

3.125%

NO

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

$1,601.07

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-15

Years

Payment Calculation

$1,601.07

$__

Mortgage Insurance

+

__

+

__

Estimate Escrow
Amount can increase over time

+

460

+

__

Estimated Total
Monthly Payment

$2,061.07

$__

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

$13,063

Includes $10,569 in Loan Costs + $2,494.90 in Other Costs – $0 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$6,500

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

Closing Cost Details

Projected Payments

A. Origination Charges

$2,620

0 % of Loan Amount (Points)

$0.00

Lender Document Preparation Fee

$275

Processing Fee

$495

Warehouse Fee

$850

Loan Origination Fee

$1,000









Other Costs

E. Taxes and Other Government Fees

$75

Recording Fees and Other Taxes

$75

Transfer Taxes




F. Prepaids

$1,039

Homeowner’s Insurance Premium ( 12 months)

$1,020

Mortgage Insurance Premium ( months)


Prepaid Interest ( $19.26 per day for 1 days @ 3.125%)

$19

PropertyTaxes ( months)


B. Services You Cannot Shop For

$5,442

Appraisal Fee

$500

Credit Report Fee

$29

Flood Determination Fee

$6

Tax Service Fee

$69

VA Funding Fee

$4,838













G. Initial Escrow Payment at Closing

$1,380

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

$255

Mortgage Insurance per month for 0 mo.


Property Taxes $105.30 per month for 2 mo.

$1,125



H. Other

$0.00



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

$2,494

C. Services You Can Shop For

$2,507

Survey Fee

$375

Tax Certificate Fee

$66

Title  Title Search

$100

Title – Lender’s Title Policy Fee

$241

Title – Owner's Title Policy Fee

$1,725









J. TOTAL CLOSING COSTS

$13,063

D + I

$13,063

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$13,063

Closing Costs Financed (Paid from your Loan Amount)

$4,838

Down Payment/Funds from Borrower

$0.00

Deposit

$0.00

Funds for Borrower

$0.00

Seller Credits

$0.00

Adjustments and Other Credits

$1,725

Estimated Cash to Close

$6,500.00

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

$10,569

Customers Reviews:

  • Martha Idalia • November 06, 2015

    Thank you for your professionalism and quick thorough response in working with my loan. Always very clear. Great experience, thank you!

  • Rebecca Rose • November 04, 2015

    If you want a hard working loan officer Joan Gallardo is the one. Joan worked on our loan day and night plus he was always available whenever we had questions. I learned a lot from him about residential loans in the process. Thanks Joan!

  • Seba & Murat • December 31, 2015

    Joan is the first loan officer we worked with, however, we were lucky we found him as we saved so much time. Although house presented some handicaps, he took care of everything. He knows what to do after so many years of experince. If you are planning to buy a house, I advise to submit a loan application and soon will enjoy your new home!

    Thank you Joan for your time and efforts!

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