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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:

  • Beverly Evans • January 28, 2014

    Hi Joan,
    Words cannot express how appreciative I was for all your help in getting me my dream home. I was very impressed with your professionalism and your sincere concern in doing whatever possible to help me get into my home. Since I was retired and on a lesser income it was a challenge for you to get my loan approved. You never gave up and you convinced me not to give up either. Because of you I am in my new home and extremely happy and appreciative for you. I will recommend you to anyone needing to buy a home.
    Thank you very much, and God Bless you Beverly


  • Bobby & Dyann • September 09, 2017

    Joan is awesome! He helped us secure a home loan in a very short time. After being rejected, losing money and valuable time with another organization, Joan accomplished what I thought was impossible. I found Joan to be knowledgeable, professional and driven in his efforts to get us approved. He communicated to us throughout the process and was responsive to my questions and concerns. I would recommend anyone looking at purchasing a home to contact Joan and he will make it happen. He is great! Thanks Joan!!

  • Jason Park • November 16, 2015

    Joan makes you feel you are his only customer. And he doesn't seem to sleep either. Always speaks with kind works with us. Thank you again Joan.

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