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Residency, Social Security or Income in the US
All Government Programs
First-Time Buyer, Rural and Veterans Programs
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Contact us to analyze your options.
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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: | $3,750,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$3,000,000 |
NO |
Interest Rate |
5.750% |
NO |
Monthly Principal & Interest |
$17,507.19 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$17,507.19 |
$__ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ 6,795 |
+ __ |
|||||||||||
Estimated Total |
$24,302.19 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$97,983 |
Includes $61,110 in Loan Costs + $36,873 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$810,843 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$36,025 |
|
1.198 % of Loan Amount (Points) |
$35,940 |
|
Document Review Fee |
$85 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$16,013 |
|
Homeowner’s Insurance Premium ( 12 months) |
$15,540 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $473 / day for 1 days @ 5.750%) |
$473 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$3,438 |
|
Appraisal Fee |
$2,500 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$44 |
|
Document Preparation Fee |
$300 |
|
|
Flood Certification |
$15 |
|
Tax Service Fee |
$79 |
|
G. Initial Escrow Payment at Closing |
$20,385 |
|
Homeowner’s Insurance $1,295 per month for 3 mo. |
$3,885 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $1,200 per month for 3 mo. |
$16,500 |
|
H. Other |
$350 |
|
HOA Transfer Fees Title - Owner's Title Insurance |
$250 $100 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$36,873 |
|
C. Services You Can Shop For |
$21,647 |
|
Survey Fee |
$2,000 |
|
|
Title - Lender's Title Insurance |
$19,231 |
|
Title - Settlement/Escrow Fee |
$350 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$97,983 |
|
D + I |
$97,983 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$97,983 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$750,000 |
|
Deposit |
-$37,500 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$810,483 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$61,110 |
|
FROM GOOGLE: Thank you so much for all your team effort Patricia and Joan to get us approved quickly and to help us find the beautiful home that we now live in. We are more than satisfied with this company and if we could we would leave more than 5 stars. We appreciate the patience you both had when it came to us finding the right home and thank you for all the advice that was given to us along the way. We can't say thank you enough.
Initially, I left a bad review for this mortgage company. However, I can honestly say I’m absolutely amazed at the customer service at this company. Shortly after leaving some negative feedback the company owner personally contacted me to correct the mistake and address my concerns. I guess I had spoken with a relatively new person (completely understandable) who wasn’t 100% sure about the way things worked. The company owner politely informed me of this and worked very hard to go out of his way to come up with a solution for me. My review has been updated accordingly. I am VERY impressed with this company and looking forward to potentially working with them. Would recommend!
Mi esposa y yo recomiendamos ampliamente a Clear Lending ellos me ayudaron para ser aprobados con un loan para comprar nuestra casa por eso volvimos a llamarlos para refinanciar . Ahora nuestro pago es mas bajo y en menos anos. Tiene muchos anos de experiencia y un buen trato al cliente por eso no dude en llamarlos . Gracias Joan .
