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Upto 90% financing for
Purchases of up to $830,000.
USDA Loans for moderate income Families
0% down payment - 100% financing
| SALES PRICE: | $600,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$582,000 |
NO |
Interest Rate |
5.625% |
NO |
Monthly Principal & Interest |
$3,350.82 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$3,350.82 |
$__ |
|||||||||||
Mortgage Insurance |
+ $189.15 |
+ __ |
|||||||||||
Estimate Escrow |
+ $1,623 |
+ __ |
|||||||||||
Estimated Total |
$5,162.97 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$22,919 |
Includes $12,656 in Loan Costs + $10,263 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$24,919 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$5,995 |
|
1.0333% of Loan Amount (Discount Points) |
$5,820 |
|
Lender Document Attorney Preparation Fee |
$175 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$4,889 |
|
Homeowner’s Insurance Premium ( 12 months) |
$4,800 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $89.65 / day for 1 days @ 5.625%) |
$89.95 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$1,295 |
|
Appraisal Fee |
$600 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$95 |
|
|
Flood Certification |
$15 |
|
|
Tax Service Fee |
$85 |
|
G. Initial Escrow Payment at Closing |
$4,899 |
|
Homeowner’s Insurance $400 per month for 3 mo. |
$1,200 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $1,233 per month for 3 mo. |
$3,699 |
|
H. Other |
$350 |
|
HOA Transfer Fees |
$350 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$10,263 |
|
C. Services You Can Shop For |
$5,366 |
|
Survey Fee |
$575 |
|
|
Title - Abstract/Title Search Fee |
$100 |
|
Title - Lender's Title Insurance |
$4,056 |
|
Title - Settlement/Escrow Fee |
$550 |
|
Title - Tax Certificate Fee |
$85 |
|
J. TOTAL CLOSING COSTS |
$22,919 |
|
D + I |
$22,919 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$22,919 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$18,000 |
|
Deposit |
-$6,000 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$24,919 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$12,656 |
|
FROM GOOGLE: There’s only few people out there that would go ABOVE and BEYOND for a Customers needs! Words cannot express my deep appreciation for having found Joan Gallardo! Let’s just say, I was on the verge of loosing a big financial investment, I was dealing with a Lender that put me in a big financial strain as they kept delaying my closing date, I had zero confidence with the Lender and decided to find another source! I literally was expecting only a Miracle from above as at this stage of my loan I had less than 3 weeks to close on my home. When I say Joan was Godsend it’s a definite and true statement! I explained my situation to him in the hopes of a lender closing my loan with such short notice! Joan diligently worked on my loan day and night to meet the deadline! Who does that?!! No one really but Time was no barrier for him! 1am, 2am it didn’t matter, he worked on it! He almost even drove to the Lender I was using office location! I’ve never known someone as dedicated to their customer! I gave Joan a deadline of 10/31! Honestly I only expected a miracle to meet the deadline! Well thank God I’m overwhelmed and HAPPY to say today 10/31 I received my final closing docs and I’m a homeowner!! Please take my experience with Joan for anyone out there looking for a Lender or even a real estate agent JOAN GALLARDO is your Guy! He cares for his customers is dedicated and will do Everything in his willpower to get you into a house! Don’t settle for any promises of lenders out there! Do your due diligence first don’t fall into a situation as mine. I was thankfully blessed with an Amazing Loan officer and please be assured he will take care of all your needs or questions during your home loan and or home search process. I’m so grateful to have found him. If you need a home loan NOW, a prompt and highly knowledgeable loan officer contact JOAN GALLARDO!!
Gracias Sr. Joan por todas sus atenciones y dedicacion en el proceso de aprobarnos para la compra de nuestra casa. Igualmente agradecer al Sr. Jorge y la Sra. Patricia por su amabilidad y el excelente servicio que hemos recibido desde que aplicamos con su compania. Este fue la primera casa y el proceso ha sido excelente. Gracias de nuevo.
Joan,
No tengo palabras para agradecerles todo lo que han hecho por nosotros, mi Esposa y yo estamos muy felices de que nos ayudaron a realizar nuestro sueño de comprar la casa que tanto esperamos. Este fue un gran trabajo de ustedes, cuando todo parecia muy complicado, siempre encontraron la solucion, siempre nos dieron mucho aliento para continuar, y nunca nos dejaron solos. Joan, gracias por conseguirnos locked rate de 3.875% cuando habiamos iniciado con 4.25%. Gracias por tomar nuestras llamadas y responder nuestras dudas a toda hora, siempre con la major actitud. Los recomendamos 100%. Gracias por hacer lo imposible posible, los voy a recomendar con todos mis amigos.
Un abrazo! Fausto
