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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: | $2,500,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$2,000,000 |
NO |
Interest Rate |
6.000% |
NO |
Monthly Principal & Interest |
$11,991.00 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$11,991.00 |
$__ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ $4,907 |
+ __ |
|||||||||||
Estimated Total |
$16,898.00 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$56,475 |
Includes $40,011 in Loan Costs + 16,464 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$531,475 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$20,085 |
|
1.198 % of Loan Amount (Points) |
$20,000 |
|
Document Review Fee |
$85 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$15,889 |
|
Homeowner’s Insurance Premium ( 12 months) |
$15,540 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $349.32 / day for 1 days @ 6.000%) |
$349.32 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$3,444 |
|
Appraisal Fee |
$2,500 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$44 |
|
Document Preparation Fee |
$300 |
|
|
Flood Certification |
$15 |
|
Tax Service Fee |
$85 |
|
G. Initial Escrow Payment at Closing |
$0.00 |
|
Homeowner’s Insurance $1,295 per month for 0 mo. |
$0.00 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $3,612 per month for 0 mo. |
$0.00 |
|
H. Other |
$450 |
|
HOA Transfer Fees Title - Owner's Title Insurance |
$350 $250 $100 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$16,464 |
|
C. Services You Can Shop For |
$16,482 |
|
Survey Fee |
$2,000 |
|
|
Title - Lender's Title Insurance |
$13,847 |
|
Title - Settlement/Escrow Fee |
$550 |
|
Title - Tax Certificate Fee |
$85 |
|
J. TOTAL CLOSING COSTS |
$56,475 |
|
D + I |
$56,475 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$56,475 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$500,000 |
|
Deposit |
-$25,000 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$531,475 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$40,011 |
|
FROM GOOGLE: My experience with Joan and his team was absolutely WONDERFUL! They are all great at what they do! Joan is the best there is, no lie! He really knows the business & the entire process inside and out. He makes the entire process from beginning to close, easy for you! After being told by lender after lender that my husbands credit score was not high enough for a low rate, and being quoted these ridiculously high rates, we were exhausted with the whole thing and about ready to give up. But, then I ran across Clear Lending and Joan told us that was no problem and offered us the best rate that no other lender would even think of offering! From day one, he was available anytime I needed him, & he never made me feel like I was bothering him. He always had time and answered every question that I had. Joan is honest, to the point, & very helpful! I would definitely use him & his team again, and I highly recommend Clear Lending to anyone who wants to buy a home! They are truly the BEST!!!
FROM GOOGLE: If you would like to get a home for sure PLEASE GO WITH JOAN at Clearlending. They really go above and beyond. My husband and I could not be any happier. Joan takes his time to go over every unexpected or even expected little detail. I really appreciate all the effort that the have put into our business. Could not be more glad of making the right decision of going with Clearlending. THANK YOU!!!!
They were organized, fast, communicative, transparent and customer friendly. All this qualities contributed to me closing earlier than anticipated plus they got the best rates and no junk fees. I will be coming back to refinance plus refer them my family to them. Special thanks to Joan and Patricia for being available at all times.
