Loan Details
Property Value:
$230,000.00
Purchase Price:
$200,000.00
Loan Amount:
$190,000
Downpayment:
$10,000
Interest Rate:
5.875%
APR / Term:
6.392% / 360
Product:
Conv 30 Year Fixed
Property Type:
Detached
Loan Purpose:
Purchase
Occupancy:
Primary Residence
Monthly Payment Options
First Mortgage (Standard)
$1,123.92
First Mortgage (Year 1 Buydown)
$1,005.23
Hazard Insurance
$177.00
Mortgage Insurance
$38.00
Closing Cost Breakdown
Origination Charges
| Loan Origination Fee | $995.00 |
| Discount Points | $4,221.80 |
| Total Origination Charges | $5,217.00 |
Taxes and Other Government Fees
| Recording Fee For Deed | $175.00 |
| Transfer Taxes / Tax Stamp For County Deed | $60.00 |
| Total Taxes and Government Fees | $235.00 |
Prepaids
| Hazard Insurance ($177.00 x 12 mth(s)) | $2,124.00 |
| Total Prepaids | $2,124.00 |
Initial Escrow Payment at Closing
| Hazard Insurance ($177.00 x 3 mth(s)) | $531.00 |
| Total Initial Escrow Payment | $531.00 |
Other
| Appraisal Fee (Paid By Credit Card Before Closing) | $650.00 |
| Attorney Doc Prep Fee | $100.00 |
| Flood Certification | $20.00 |
| Tax Service | $85.00 |
| Third Party Processing Fee | $995.00 |
| Survey | $600.00 |
| Realtor Commission | $6,000.00 |
| Total Other | $8,450.00 |
Services Borrower Can Shop For
| Title - Title Search | $75.00 |
| Title - Closing Protection Letter | $75.00 |
| Title - Courier Fee | $50.00 |
| Title - Endorsement Fee | $250.00 |
| Title - Insurance Binder | $150.00 |
| Title - Lenders Coverage Premium | $1,274.00 |
| Title - Premium for Lenders Coverage | $50.00 |
| Title - Settlement Fee | $500.00 |
| Title - Wire Transfer Fee | $75.00 |
| Total Services Borrower Can Shop For | $2,499.00 |
Closing Summary
Estimated Closing Costs
$12,059.00
Estimated Prepaid Items
$2,655.00
Cash Deposit On Sales Contract
$2,000.00
Appraisal (Paid Separately)
$650.00
Total Due from Borrower at Closing
$218,935.80
Total Paid Already by Borrower
$192,280.00
TOTAL ESTIMATED FUNDS FROM YOU
$26,655.80