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VA Mortgage Rates

SALE PRICE: $350,000
LOAN TERM: 15 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$357,525

NO

Interest Rate

3.625%

NO

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

$2,577.89

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-15

Years

Payment Calculation

$$2,577.89

$__

Mortgage Insurance

+

__

+

__

Estimate Escrow
Amount can increase over time

+

570

+

__

Estimated Total
Monthly Payment

$3,148

$__

Estimated Taxes, Insurance
& Assessments

Amount can increase over time

$570
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

$19,243

Includes $16,357 in Loan Costs + $2,886 in Other Costs – $0 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$6,058

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

Closing Cost Details

Projected Payments

A. Origination Charges

$4,148

0.5 % of Loan Amount (Points)

$1,788

Document Review Fee

$85

Loan Origination Fee

$1,000

Transaction Fee

$575

Warehouse Fee

$700









Other Costs

E. Taxes and Other Government Fees

$125

Recording Fees and Other Taxes

$125

Transfer Taxes




F. Prepaids

$1,056

Homeowner’s Insurance Premium ( 12 months)

$1,020

Mortgage Insurance Premium ( months)


Prepaid Interest ( $35.51 per day for 1 days @ 3.625%)

$36

PropertyTaxes ( months)


B. Services You Cannot Shop For

$8,939

Appraisal Fee

$495

Contract Processing Fee

$500

Credit Report

$44

Document Preparation Fee

$300

Flood Certification

$6

Tax Service Fee

$69

VA Funding Fee

$7,525









G. Initial Escrow Payment at Closing

$1,530

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

$255

Mortgage Insurance per month for 0 mo.


Property Taxes $425 per month for 3 mo.

$1,275



H. Other

$175

HOA Transfer Fees

$175

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

$2,886

C. Services You Can Shop For

$3,270

Survey Fee

$406

Title - Lender's Title Insurance

$2,448

Title - Settlement/Escrow Fee

$350

Title - Tax Certificate Fee

$66









J. TOTAL CLOSING COSTS

$19,243

D + I

$19,243

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$19,243

Closing Costs Financed (Paid from your Loan Amount)

-$7,525

Down Payment/Funds from Borrower

$0.00

Deposit

-$3,500

Funds for Borrower

$0.00

Seller Credits

-$2,160

Adjustments and Other Credits

$0.00

Estimated Cash to Close

$6,058.00

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

$16,357

Customers Reviews:

  • Hector Cueva • June 18, 2018

    After being denied by my credit union for a VA loan I search for someone local in the Houston area. I'm glad I found Joan, Jaqui and the whole team. They good people will take care of you never rush you in the process always guide you trough the whole process from getting a mortgage searching for a house to closing on the house. After four months of searching I'm a first time home buyer and the whole process was smooth even though I was outside of Houston, thanks to Joan and the team.

  • Gerardo & Brenda Olivares • May 07, 2014

    Joan,

    Thank you SO much for all of your help! You were very patient with us and made sure we understood every step of the way. We never thought we would be able to find our perfect home this soon! We are still in shock how fast you’ve worked and how you were looking out for OUR best interests and not the other way around.

    Thank you for caring in what you do, it really makes a difference when you’re working with someone that really cares and enjoys what they do. Thanks again! We will definitely make sure to send anyone looking into a home your way!

    Gerardo & Brenda Olivares

  • Tristan Magmoyao • November 26, 2015

    Great experience with this lender! Friendly and professional. They were always quick with responses to my questions and concerns. I would recommend them in a heartbeat. Everything went smoothly. Not only did they respond to all emails but constantly called me keeping me up to date. Thank you Joan.

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