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VA Mortgage Rates

SALE PRICE: $350,000
LOAN TERM: 30 years
PRODUCT : Fixed Rate

Loan Terms

Can this amount increase after closing?

Loan Amount

$357,525

NO

Interest Rate

3.875%

NO

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

$1,681.22

NO

Does the loan have these features?

Prepayment Penalty

NO

Balloon Payment

NO

Projected Payments

Payment Calculation

Years 1-30


Payment Calculation

$1,681.22

$

Mortgage Insurance

+

__

+

__

Estimate Escrow
Amount can increase over time

+

$510.00

+

__

Estimated Total
Monthly Payment

$2,191

$

Estimated Taxes, Insurance
& Assessments

Amount can increase over time

$510
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

$19,245

Includes $16,357 in Loan Costs + $2,888 in Other Costs – $0 in Lender Credits. See page 2 for details.

Estimated Cash to Close

$6,060

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

$1,058

Homeowner’s Insurance Premium ( 12 months)

$1,020

Mortgage Insurance Premium ( months)


Prepaid Interest ( $37.96 per day for 1 days @ 3.875%)

$38

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 Fee

$6

Tax Service Fee

$69

VA Funding Fee

$7,525









G. Initial Escrow Payment at Closing

$1,530

Homeowner’s Insurance $85 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)

$2,888

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

$19,245

D + I

$19,245

Lender Credits


Calculating Cash to Close

Total Closing Costs (J)

$19,245

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

$0.00

Adjustments and Other Credits

-$2,160

Estimated Cash to Close

$6,060

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

$16,357

Customers Reviews:

  • Sharaine & Michael • July 26, 2017

    I don't even know where to start with just how much Joan has helped us going above and beyond of his service. I was impressed with how he handled eveything from beginning til we closed, and made sure he contacted us about every detail necessary. I could reach him even late nights and weekends where he could be spending time with family but instead, he was available to assist us. I highly recommend Joan to anyone and I promise you, you won't regret it.

  • Rosa Iraheta • March 28, 2018

    Joan has help many of my clients to get their loans, he is very professionals and helpful, and always available for any questions that me or my clients had during the loan process. One of my client was in DACA program and Joan help him to get his loan. I will recommend Joan and his team . Thanks you

  • Denita Hawkins • July 19, 2017

    Thank you Joan! You TRANSFORMED a Nightmare into a DREAM!

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