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VA Mortgage Rates

SALE PRICE: $225,000
LOAN TERM: 30 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$225,000

NO

Interest Rate

3.625%

NO

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

$1,048.18

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-30


Payment Calculation

$1,048.18

$

Mortgage Insurance

+

__

+

__

Estimate Escrow
Amount can increase over time

+

$460.00

+

__

Estimated Total
Monthly Payment

$1,508.18

$

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

$13,080

Includes $10,582 in Loan Costs + $2,498 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

$2,620

0 % of Loan Amount (Points)

$0.00

Lender Documnet 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

$1,043

Homeowner’s Insurance Premium ( 12 months)

$1,020

Mortgage Insurance Premium ( months)


Prepaid Interest ( $22.83 per day for 1 days @ 3.625%)

$23

PropertyTaxes ( months)


B. Services You Cannot Shop For

$5,442

Appraisal Fee

$500

Credit Report Fee

$29

Flood Certification Fee

$6

Tax Service Fee

$69

VA Funding Fee

$4,838













G. Initial Escrow Payment at Closing

$1,380

Homeowner’s Insurance $85 per month for 3 mo.

$255

Mortgage Insurance per month for 0 mo.


Property Taxes $375 per month for 3 mo.

$1,125



H. Other

$.00



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

$2,498

C. Services You Can Shop For

$2,520

Survey Fee

$375

Tax Certificate Fee

$66

Title  Title Search

$100

Title – Lender’s Title Policy

$254

Title – Owner’s Title Policy

$1,725









J. TOTAL CLOSING COSTS

$13,080

D + I

$13,080

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$13,080

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

$6,517

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

$10,582

Customers Reviews:

  • Jeffrey Rodriguez • January 30, 2014

    Joan:

    Thank you so much for all your hard work to make this loan a successful ending. You know this is not my first house, but my family and I are very grateful. I am not a first time home buyer, but we are very excited to be a home owner again. I thank you from the bottom of my heart once more for making this possible. Yes, I will definitely refer anyone who comes to me for the inquiry. I will never forget you Joan and Nathalie for what you have done and how hard you worked to make my dream come true. You are very efficient and professional. I am glad that you are my loan officer. Thank you very much once again.

    Sincerely,

    Jeffrey Rodriguez

  • Samantha Perez • July 31, 2017

    Joan was amazing! He explained everything in detail so that we knew exactly where our money was going at all times and was ALWAYS available for answering questions. We will definitely be using his services again!

  • Glenda Alvarez • May 05, 2015

    Joan I really appreciate all the patience you had with us. You gave us hope after we had a bad experience with our bank making sure our loan was first approved before looking for a house. This really brought our hopes up. You made sure houses we went to see met our expectations. Then no matter how late at night or early in the morning you would answer all our calls. Even when we signed the contract on the house you would still keep in touch with us and made sure everything was good. I will be referring you everyone I know and our next home purchase is going to be with you. Thank you so much Joan.

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